Member Info for Charlie156

When BP fell out with the oligarchs with which it ran TNK-BP, speculation was rife that BP's assets would be seized as they had the ear of Putin. BP ended up selling its stake for $12.5bn and also acquired an 18.5% stake in Rosneft. Since then BP has been pivotal in the development of Rosneft's oil and gas fields, never more so than today ,where its expertise is proving vital in the gargantuan and challenging Vostok project.

Emerald carrots, your very humble today, what's gone wrong?

Just on today's buyback, BP has saved itself just shy of $1 million. I think part of the share price collapse this afternoon was down to BP's heavy buying of its own shares earlier in the day. When I looked at the results first thing this morning, my gut said they'd go down.

BP's O&G EBITDA for 2021 is over $30 bn. They are are about to spend tens of billions of dollars on renewables which touch wood will produce an EBITDA of $2bn in 2030. I prefer the Exxon approach, they've maintained their dividend throughout the pandemic and remembered they're an oil company first of all. The capex projection for BP renewables projects is why the dividend will not be increased by more than 4% for the next few years. For all Looney's spiel, it is the oil price that will determine shareholders fate here.

BD, I see you've been busy again today. Your controlling the share dealing of a £400m company, I'd ask for a seat on the Board if I was you. Your margin seems wafer thin and you have to on this the whole day to make a return of say 0.5%, but it's not to be sniffed at. Good luck.

Someone's been trading alot of 5000 share blocks today. Whatever they made, they had to graft for it. Done it myself, it does take it out of you. I have to rediscover my work ethic.

Markgo, the old and poor may be a 'token' demographic to you, but they are facing real hardship with these upcoming energy price rises. It's not journalese, but reality. Households will have to find another grand a year just to live. Your condescending tone is really ugly. As a BP shareholder I fully endorse BP contributing to a Windfall Tax, and I am sure Looney/Auchincloss have already made provisions for that. UK natural gas prices have been obscene these past few months, which BP traders appear to have squandered, but with a $4.4bn dividend and $5bn+ buyback programme for 2023, it's the right thing to do. Any sign that BP is not on board with this, they will get slaughtered.

Just bought £10k. Bought a similar tranche a year ago today at £2.32. Today CAML's basket of metals are 26% higher than then and there is £42m more on the balance sheet, over 10% of its market cap, with a dividend hike on the way. Yes, sentiment is lousy but I believe there is real value here.

I read somewhere that BP are providing the their high speed chargers for the new Russian electric tanks.

Some thought provoking posts on the ADVFN forum regarding the CAPEX, costs and revenue numbers for the numerous renewable projects BP will undertake this decade. As ever, with BP reducing its O&G output by 40% by 2030, the company is dependent on a strong oil price, as it will be many years before BP's renewables become EBITDA positive. A buoyant share price can mask those difficult questions, but they ain't going away.

Everyone's risk threshold is different. I was invested in CAML April 20, when copper had touched $4800, lead $1600, zinc $1800, North Macedonia and Kazakhstan had declared states of emergency due to Covid, CAML had cancelled the dividend and net debt was $80m. In comparison, today feels like I'm investing in Granny Bonds with Copper at $10000, lead $2300, zinc $3500, a yield of 8%, net cash positive, buoyant metal prices, interest costs falling, treatment charges reduced and the tenge/dear/dollar rate moving in CAML's favour. Yet for some punters it's not enough.

If Looney had held his nerve, as Dudley would have done, instead of eviscerating the dividend, the SP today would be considerably north of £4 today. Raising the dividend in Feb 20, halving it in Aug 20 was not a coherent financial strategy and conveyed panic to the market and the shares got butchered. Oh, for the guile and wisdom of Dudley/Gilvary.

Spights, if this climbs to a fiver by Easter, I'm not sure you'll be able to handle the workload.

With the purge of dissenting govt voices and Russia making it clear there will be no regime change without it's approval, I do not see any short or medium term risk to CAML in Kazakhstan. The issue with today's RNS is the poor production from SASA in 2021 with 2022 also likely to be challenging. Metal prices are buoyant, 20% up compared to this time last year. SASA has been a very average acquisition, but it's largely paid for now. Come August CAML's monthly $3.2m repayment will be history and the company will be swimming in cash. Even now, everyday CAML is adding to it's net cash position. I expect a minimum 10 pence final dividend, and look forward to 2023 when the new mining method at SASA is operational.

Order largely restored. Opportunity for the brave, your welcome to wait for your £1.80.

Significant fuel protests in Kazakhstan, which has resulted in the government resigning. The president has brought in new measures to alleviate the financial hardship caused by escalating fuel prices. I have investments there and am watching this developing situation closely. I do think a large percentage of funds intended for BP's buyback this year will go in a Windfall Tax, because when these gas and electricity prices kick in over here there will be large scale public protests.

I expect a Windfall Tax for energy companies in 2022. The gas and electricity prices rises in April and August are going to be a huge political issue. When BP announces its Q1 results, there will be a lot of flak coming its way. Households will have to find another grand a year, and BP and it's ilk will be a convenient scapegoat.

Stockready, I would have thought your New Year's resolution for 2022 would be to knock it on the head with your woeful predictions.

Buybacks finished with nearly 6 weeks to results, unlike the previous $1.4bn buyback which continued to Nov 1. I would have preferred to have seen the same with this $1.25bn tranche. Wonder how BP's traders are doing with the gas prices this quarter. Will they have made similar wrong calls to Q3, where they proved it's a licence to lose money as well as print it.

Jesus, SmithyS2019 does that mean this forum has another 10 years of your trite to put up with. If there's any justice, you'll get hit by a EV, driven by a granny, with your vital organs going to one of her cohort.