Member Info for Claire2479

Getafgrip: I'm meant to be on a mini-break but had to leave to thank you for that wonderful reference paper. I've never seen it before and will re-read and print for the noticeboard. I also want to thank you for responses about BP's Net Debt reduction plans on Thursday last - amazing, thank you.

Just quickly before I continue, Buybacks will always divide and the last paragraph of McKinsey's excellent analysis gives me my answer - with ref. to Boards/Executives... Because that's the point, unless an investor sits around the Board Table themselves, they are never going to really know the purpose of the buyback programme. An investor has therefore to make their own judgement call and look beyond the headlines into the morals of the Board's intentions. It is for this reason I never get involved in the debate on buybacks. It's fruitless unless you know ALOT more detail.

Amazing paper - thank you so much for bringing it to our intention.

Only for the record, I do much prefer an accountant as a CEO rather than a trumpeteer!

...ahead of results day on 29th October.

Just before I dash off for the w/e, I am aware that one or two of us have been getting quite excited around the £4.00 level, calling a bottom etc, and others - less experienced traders - might be getting in on that advice. So (please ignore if this is bleedin' obvious to others) please ensure (assuming you're on a trading platform that allows) you are covered for any whipsawing in SP that usually occurs on a Co. results day.

The period leading upto the event (e.g. results day/ trading announcement) can be relatively quiet and can (on my models) be typical of an Elliott Wave 4 (for those who use this particular trading technique), then on the day itself the SP can sometimes oscillate wildly - this is where, if an Elliott Wave 5 is to commence the SP can shoot up but then equally can retrace lower as sometimes this wave doesn't always have to be higher that an Elliott Wave 3 on impulse. This is one reason for whipsawing occurring.

If you're in profit on the 28th, please please consider booking it...that's all.

Have a lovely w/e all

Pray for peace and give alot of thought to the horrors that those poor poor people are suffering. We really don't know how lucky we are.

Imo break even is their best scenario in 20 years. Climate change models from UKMO will drop speeds over the timeframe - dependent on hemisphere and locality within.

Auson, factor in future annual decrease in wind speeds too within the COBA - LOL!

Murray and the rest of the Board are master strategists - wait until sentiment changes - LIFT OFF!

Auson, I'm a little over 70%, which is high for me. I can't believe I'm averaged out below £4. It's a joke.

I only consider it a buy day after lunch and definitely around 3.15pm - wait till see divergence between US open and our own.

Bit of fun as it's Friday...

I'm finding username 'Neversellshell22' quite distracting (for the obvious). So I was wondering whether the user (always welcome on here of course - diversity etc.) would consider renaming for our brilliant BB as perhaps 'AlwaysbuyBP--' instead?

Welcome user - new to this wonderful BB myself and let me tell you, there are some amazing users on here.

It's also a fantastic company too!

All the best to you.

405.5 on my screen - nice trade today

Wow, wow, wow - that could be big news - esp. anything with exclusivity with a BIG player.

Headlines: 'BP partners with McDonalds for a brighter future' with both logos front, right and centre (terrible example - off the top of head but you know what I mean.

Hopefully it's a watch this space.

That's great news about the Honeysuckle project.

Google news really made me sit up...Q: Do you know if there are any exclusivity terms with Google for other data centres either now or in future? That is the big news here (surely)...or could be!

Thank you

Thank you all for your time in posting those FANTASTIC replies. I've learnt so much.

Best wishes.

Au Contraire Charlie,

Wait and see... he is becoming quite the leader you have all been wanting.

You can't have it both ways when moving on from Loonatic!

Judge the leader on results - it has only just begun. (imho)

Primetime:

Probably also had something to do with very strong US non-discretionary spend which might get speculators less excited about strength of a rate cut. Everything is finely balanced right now and every little detail is being drilled down to what 'might' happen next. Fascinating from an economic point of view. Trying to not speculate on the Middle East so much as (a) I find it so tragic beyond any words here can convey, (b) comments can sometimes be misconstrued into believing war and fellow human being suffering is wished for, for a POO rise and with it our SP.

Auson...I agree 100%, esp. re sentiment

It's been quite a 'mini' debate and I do agree we care less about it on this side of the pond. I am perplexed by US perpetual devaluation of our wonderful assets. I get so annoyed with our inability to shrug off their attentions and their manipulation of the shareholders esp. PIs. who don't realise the long term strategies behind shorting.

Getafgrip: thank you. Please can you say whether the effect is accentuated with lesser interest rate charges which we are presumably moving into? If so do you think this is what really matters?

...enjoy the ride back up on the Pheonix!

Tip: When US positively diverges with UK then take note - shorts are beginning to close. The '2 spivs on vespas' knew it recently and imo 'bought' some sensational headlines. St James's security should not have allowed them anywhere near for a 2nd time especially!

SPOT ON CARRINGTON

GLA

Oops - should read - could not cope (sorry)

getting too excited watching charts!

Invstrat: not more regulation (LOL!). I certain the present presidency (sorry UK Government) could cope with that.

I certainly get it - A call to red Ed?!

...the Board's Guidance for 2025 and beyond is going to be fascinating for attempts at closing the gap both with Shell and US peers.

I remain very optimistic. Previous Guidance was 'stuck in 2nd gear', still reflecting Looney's terrible legacy. Murray and Kate have to accelerate now and preferably back their own strategy with their OWN deposits.

Putney...

'...the board's remuneration is partially linked to EPS, which is boosted by buybacks; they are not rewarded for net debt reduction.'

Do you (and others) think, given the big differences wrt net debt vs. our US peers, that this might account for some/ majority(?) of the valuation differences wrt both Shell and BP?

I'm really trying my best to get to the bottom of this issue. If we ALL (inc. the Board) knew the answer then we'd all be ALOT richer and, importantly, the hedges would close and those '2 spivs on Vespas' could ride off into the sunset around the Amalfi coast!