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Meoryou, Selecta6, I absolutely agree that the dividend is now the main reason our ao is lagging so badly and its something Mr Looney (flushed with an extra £5m in his back pocket) needs to address. I'm guessing they reduced the volume of buybacks to fund the gom disaster annual payment which falls due shortly. I see the level of frustration by many posters on the board is high, and I fully understand the reasons, but I am confident we will return to well north of £5.50 in the near term.
Hi Meoryou & Spights, sorry havnt posted, got kinda into holiday mode but back to reality at weekend. Been keeping an eye on the board, and in particular the 'Numpties' that are jeopardising our investment by trying to force their will against the stated policy of the company.
It will be a very interesting day tomorrow and hopefully these idiots will be defeated. Have a good day
WP, we are all invested here with our hard earned cash to hopefully provide for families and loved ones when we retire. Nobody would have wished to see Ukraine suffer like this and as another has posted, this is not a war started by bp!!! but bp and its shareholders (US)
are certainly paying for it. Why should we allow Putin to enjoy the fruits of bp's investment in Rosneft.
Jezzoo The court of public opinion/the press certainly were very vocal in persuading bp to abandon rosneft, but none more that hm government who made it very clear that continuing to operate with rosneft was not an option. But then hm gov wasn't picking up the tab. Having taken that massive hit, which would have wiped out most businesses in the UK, the gov then decided to hit bp again with massive taxes. Why do we bother staying put in the UK, it beats me
Meoryou, setting aside any accrued Rosneft dividends full value of the bp stake must be in excess of £20BN. my best guess would be 50% discount if at all. How bad would it be to give Ukraine 5bn and return 5bn to shareholders to compensate for our loss
Hi Spights, all good thanks, been travelling so not posted much lately, sitting back and watching todays performance with interest. Most of our losses now regained thankfully. I believe Brent at around $80/90 is perfect.
Hi Spights, Meoryou and all.
We are holding on both to the oil price and recent gains in the share price, so all seems well, especially with the dilution in oil production volumes. Good chance of more gains this afternoon
Good afternoon Spights,
Yes I think you are right., we've held on to this morning uplift fairly well, and oil is holding north of $78. Plus banking sector looking less volatile we should gain a bit of ground hopefully
Morning Clued and everyone.
It appears to me that those details have not yet been released so it will be interesting to see how the 'trigger' will work., we should see more detail later this week. This might be just what the share price needs to move forward again, certainty in understanding tax and levies is essential to the management of any business. Have a good day all
It would appear to be a general lack of confidence in the banking sector, history tells us that the system is rotten to the core... UBS are also under investigation for assisting russian oligarchs, which just reinforces my point. Greed and corruption are never far away from big money.