Member Info for Jakers

Chandley, I think the kneeler reaction by the BOD following Kwartengs intervention was too hasty, an orderly sale would with hindsight have been better for us. That's what you get when ministers poke their noses into corporate affairs.

Meoryou, Clearly you are correct just look at the extraordinary profits achieved in Q1 and Q2, and they didn't increase the share price very much. My money still says a strong dividend will, but respecting the need for strong profit

Chittybangbang, I read earlier this week that Goldman Sachs are predicting oil price at $130 by the year end

Chittybangbang, I read earlier this week that Goldman Sachs are predicting oil price at $130 by the year end

Interestingly the economy contracted by 0.6% in June due to the queen's jubilee

Charlie156, Obviously we all aspire to having the share price at least at or preferably above what we paid for them. I have always held the opinion that a strong dividend is the primary driver of the share price
Jakers

Hi Spights, That's actually quite encouraging. 0.1% is hardly a recession. GLA
Jakers

I very much doubt if today's meeting will produce anything worthwhile for consumers who are struggling to pay their bills. This is a public relations exercise so that they can say they met the representatives of the electricity supply companies but don't expect any important decisions until the crazy selection process is at an end and it will be up to the new prime minister to take important decisions about future financial aid. So can't see anything much happening till late September
Jakers

Should read Asda

Tesco., Asia., Sainsburys & Morrisons are ripping us off. They are not passing on the reduction in wholesale fuel prices. Avoid if you can
Jakers

It would appear that our Government is totally hamstrung and incapable or unwilling to make any major decisions until this infantile selection fiasco is completed and a new PM selected. I have to say I have no faith in Liz Truss to handle any major crises be it the cost of living or indeed any other issues. Our Chancellor and so called " business secretary" are running scared because they havnt got a clue how to proceed, so it's the easy option again, clobber the oil companies the very people who are keeping our economy afloat. What a shambles.
Jakers

Hi Slater I've always put the reduction in the share price down to the billions paid or to be paid out to shareholders which obviously reduces the value of the company.
Jakers

Morning Spights This is Money article is biased and shows how little they really understand the true facts. The Government are demanding BP and others invest huge sums of money in the North Sea to help with the nations shortage of domestic fuel supply. These are massive investments and in an area that was soon to be abandoned. I wonder how these people would feel if we were unable to satisfy the huge domestic demand for oil that will continue for decades to come.
Jakers

Shop around folks, there are some retailers offering considerably cheaper fuel, unfortunately many are not so don't buy your fuel from them unless you have to.
Jakers

That is very conceivable but surely they would have issued a correction

Can anyone throw any light on Deutche Banks brokers pricing of bp stock yesterday., by any stretch of the imagination they appear to have made total idiots of themselves. Any views ??

Hamm, I'm a little perplexed by your negative observations, given that the performance of BP in Q2 was quite remarkable, with massive debt reduction and huge volume of bought back shares, which is continuing at pace in Q3, and a reasonable increase in the dividend to a sustainable level subject to certain criteria being met on oil and gas prices etc. These factors all bode well for future growth and uplift in share price. Give the company some time because to my mind they are on the right track and you will be rewarded accordingly with a little patience. The only criticism I would make is in my humble opinion loosing 40% of our pil production by 2030 is too optimistic, as we can see that the world is nowhere ready to cope with that loss of fossil fuels, otherwise I firmly believe we are on tract to a bright future with a very competent CEO at the helm.
Jakers

You may well be right, it will be interesting to see how market is when Wall St awakens this afternoon, then it will all go pear-shaped after closing when daytraders take their gains

Loving the optimism but sadly we won't be free of the GOM debt until 2033 unfortunately. Howeve I'm really encouraged to see almost $5Bn wiped off in the past 3 months.

Spights, considering the source, what would you expect.