Member Info for Harmonica

JAS78,

Imagine what this sort of announcement would have done to the proce of oil futures, and then the BP share price!

Gingy,

Nobody has ever accused Iran of having or making weapons-grade plutonium bombs!

Clued,

Seems like sensible prpfit taking and rebalancing the funds.

What "buyback' is the Traders union website article wittering on about? They stopped in February 2026. I can find no evidence of a resumption!

Cricketer,

It does not follow that red7cing debt automatically raises the share price! As we are seeing, the price of crude oilmis more relevant.

The problem is the reducing the liability of debt means reducing the asset of cash. So, it is exactly like robbing Peter to pay Paul! Having liquid funds is like having a seatbelt, it is there to protect against the unexpected, but also to take advantage of new opportunities.

Cricketer,

Debt is only reduced if it is written off or paid off. Clearly, BP has better use for its cash. As the companynis now likely more profitable, the debt interest is easier to take, and as capitalisation is larger, debt seems less big.

Darkange,

Perhaps the price of oil was not up enough or was already priced in to some extent? Perhaps traders expect the price of oil to fall shortly?

Perhaps the markets were spooked by the Chairman not getting his agenda motions approved? It will he forgotten by Friday.

At 21:44 BST, I see that Brent crude futures are between $106 and $107 per barrel!

Today's limp day wlll be history tomorrow when we spring forward towards 600p!

Meoryou,

As Napoleon said, he preferred lucky generals to good ones!

Weirdpal,

We agree to disagree completely then.

WeirdPal,

"Only" 81.5%?

If they are getting well-paid jobs elsewhere, they must be good then!

Konan100,

It is closed because the USA wants to starve ziran of foreign currency from oil sales and to damage its oil producing infrastructure by causing a back-up. Oh, and maybe to starve the population?

A quick look at the price of Brent futures...OMG! Over $104!

Going to be getting close to.600p again on Thursday!

Hemrythecat,

I think that the oil and gas companies would end up making super profits in such a scenario, which is well off. Remember that the Straitnof Hormuz is only 20% of world supply. That means that 80% is from elsewhere which would likely ramp up output to compensate somewhat.

I liked the Sky News analyst who described President Trump as playing cards with the Iranians. He knows what a powerful hand that he holds, but cannot see any value or danger with the cards that he believes the Iranians hold. He is playing poker.

The trouble is that the Iranians are playing a different game entirely, where they are playing for very much higher stakes borne from war against Iraq. The Iranians are playing Russian roulette! They have pulled the trigger on their temple and are still in the game. The barrel has been spun and the revolver handed to Trump. The Iranians do notnthink that he will go all in...

Agreed that buybacks at these prices look less attractive. Thankfully, there are plenty spare in Treasury, so no necessity to go to the market to buy more.

However, if the Board were to resume buybacks, it would make any slide back in share price slower, due to the friction of the buybacks.

Clued,

The longer this Iranian issue continues,, the quicker BP will return to 600p or more.

Put another way, the longer the Strait remains 'constipated', i.e., not much passing through, the higher oil futures will go, and the higher physical oil prices will rise too.

This would lead to higher profits for BP amd higher future expected profits, so the share price will go up.

$101 per barrel!

Despite threatening to resume bombing, Trump has extended the ceasefire.