Member Info for Harmonica

How much fine/compensation does BP still owe for the Gulf of Mexico spill?

EmeraldCarrots,

If the West stops taking Russian gas, then Russia will not receive Western foreign currencies.

What will the Russians use to pay for their imports and to meet their public spending budgets?

EmeraldCarrots,

If the West stops taking Russian gas, then Russia will not receive Western foreign currencies.

What will the russians

Adrian,

MYy guess is that the price of oil will rise sharply in the short term due to the uncertainties. The USA may try to prevent Russia exporting its crude oil. OPEC has shown itself incapable of increasing supply even to its modest increase plan.

Yes, Bumble, but that does not explain why! The effect is NOT the cause! Why have oilers lost out when the price of oil is at trading records??

According to Sky News, the price of zbrent is at a seven-year high! Why the fall in the price of BP shares? Severe profit taking?

MarkGo, may I suggest you take a chill pill and learn some English.

In my response to CR888, where did I state that BP dividend policy was wrong? I merely stated a historical fact that the company cutting the dividend caused a big drop in the share price? I offered no comment as to whether I agreed or disagreed. Put another way, why should I be positive to suit your personal agenda? What is wrong with being dispassionate and neutral?

As for my opinion on the BoD's dividend policy, I have never commented on it here or anywhere. So apart from your febrile imagination, where have you got the idea that I think the Board is wrong in its dividend policy?

If you are going to discuss Omicron, could I suggest you learn how to to spell "varient" (sic) correctly? Displaying such basic ignorance does not help your argument and diminishing any credibility that you wish to have.

May I ask if you have had Covid-19?

CR888: I think it was the halving of the BP dividend which has done the main damage to the share price.

If BP doubled the dividend, then the share price would surely grow by at least a quid instantly.

On the cusp of £3.90 per share.

Doubleorquits8,

Not quite! Returns should be greater than the cost of capital to fund those projects. Not sure where you have got 20% from! With an arbitrary figure like that, projects that should be accepted would be rejected!

With cheap debt, it is understandable and sensible to use it up to a point. Market sentiment can turn negative if gearing is too high, as there is fear that the interest payments can become problematic if revenues fall.

Invstrat,

Whether the increase in interests rates in the market affects BP that much on its existing debts depends largely on whether the loans it took out are fixed or variable.

NEIL,

That does not seem correct.

Enso,

Good news that it is supposedly less severe, but as it is far, far, far more infectious, the nett result will be MORE hospitalisations and likely many MORE deaths.

Nearly 100,000 new cases reported yesterday.

Retirmemt,

Sure, but people keep saying that as nobody has seemingly died in RSA or is not dangerous. Well it IS!

If we do not rake string measures, the economy will grind to a halt.

Mark Go.

If somebody dies within 28 days of a Covid-19 positive result then it is classed as a death due to Covid. Sorry that you do not like that, but that is simply as it is. It may not fit your narrative, sorry.

Splitting non-existing hairs just makes you appear to be a Covid denier, the medical world equivalent of a flat Earther.

The chap was unvaccinated, he had Covid and was being treated in hospital for Covid infection, not some imaginary heart condition. He died. He died due to Vovid. He would not have been there otherwise.

Licker.

NHS hospitals have never ever been so busy at this time of year.

Source the head of NHS Executives in an interview over the weekend on FiveLive.

Markgo,

It is close to pointless to compare the UK to the RSA. The latter does not have the issue of obesity and an older age profile that the UK has.

I have read today of people needing hospitalisation from the Omicron variant and of the first death in the UK from that variant.

So I suggest that pooh-poohing the dangers that it might pose is not just dangerous, but pointless and foolish.

No, I disagree, Bigbadbaz.
Even "catastrophic" falls are limited by sellers knowing that there is a buyer of last resort hovering waiting to mop up sales, providing a higher floor than otherwise.

I disagree Bigbadbaz!

Where would the share price be now without those buybacks?

According to the Wall Street Journal online (no newspaper printed as US Thanksgiving), ot reveals as an exclusive that both Saudi Arabia and Russia will not increase crude oil production following the co-ordinated efforts to release national strategic reserves.

Reported on 'Ian King Live' this morning, Thursday, November 25th.

With no further increases in supply from OPEC+ in all likelihood, then no price falls likely soon.