Member Info for Harmonica

Several countries collude to dump crude oil into the market place, inceeasing supply. The effect? The price of oil has risen! I see this as good news down the line, as presumably, those nations will need to top op their eeserves eventually, increasing demand.

Licker,

The problem with debt is that interest has to be paid, usually, reagrdless of profit levels. With share equity, there is no obligation to pay a dividend.

Invstrat,

Who knows what the price of the shares would have been without the buybacks...certainly not higher, surely?

What would be the likely effect on he price of oil should Russia invade Ukraine?

Paul2566,

The Netherlands has some pretty scary figures.

Italy seems to be doing okay.

Enso,

That buying and selling volumes never exactly match shows that the system you have described is not the whole picture. My understanding is that you sell to marketmakers, who are left with those shares if they cannot sell them on.

Enso,

That buying and selling volumes never exactly match shows that the system you have described is not the whole picture. My understanding is that you sell to marketmakers, who are left with those shares if they cannot sell them on.

The shares are being bought at market price, so no discount.

The fair value might be higher, but nobody is offering that.

Argentagold, there are no smoke or mirrirs at work here.

A dividend and a buyback are both good for shareholders

A dividend puts cash in the hands of shareholders for immediate use.

A buyback has a double benefit of boosting demand for the shares and adter the buyback, removes supply of the shares, whilst increasing the propoetion of the business owned, at no cost to the shareholder.

Once bought, the cash strain of a dividend is reduced, since BP no longer has to pay for those.

Pwrhaps BP would rather save the four or five percent on the divis than to find projects that return better than that.

If a shareholder wants cash, they can sell shares and generate their own cashflow.

Yes, Licker, I know where most live on the planet. Not sure how it corrects what I wrote.

Lapulldown...only the northern hemisphere is heading into winter!

I too should be delighted were the BP share price to reach 400p by the end of 2021. An increase in the dividend would go a long way towards that! However, I expect the Board to pay off debts and buy back shares above all else.

Forget £10 per share, short of war.

I agree.

If the price is above 400p, we should be pleased with that.

500p seems far too much of a reach.

Simple. Nightclubs tend to have a dance floor where there is zero social distancing.

Of course we should have closed down such places! Why do you think otherwise?

Opening up because you are fed up does not seem a good recommendation.

Surely if a government wanted to carry out such a pointlessly sadistic policy, why not do so when everybody has been offered a second jab, not just the first?

The main difference with the Swedes is that we have mostly been vaccinated.

If those not jabbed end up filling NHS hospitals to bursting, then another lock down will be inevitable.

Shell says it will increase returns to shareholders as a percentage of cashflows. Could be dividends or buy-backs.

Will BP follow suit?

The Glorious Twelfth!