Member Info for jmak1912

As I have always argued - if you are a LTH a disconnect in SP and what your perceived undervaluation is great in a buyback situation. Traditionally companies have terrible timing on BB's, unfortunately the macro situation is putting pressure on all equities - even those that are benefiting in the current climate.

Even when (if) oil goes back down to $60, due to BB's the EPS will not suffer as much. This will reinforce valuations in those environments for those using those metrics as a benchmark. At the end of the day EPS drives the dividend not total profit.

This all seems very planned and protracted - I assume to catch the xmas trading so the balance sheet looks more favorable once it comes out of suspension.

I cannot see how BOO would not already be aware of the scale of this and have stake their claim for the eventual take over. Based on current exchange rates UK looking like a flea market for the US.

Isn't it pronounced French oui

It would get suspended on the 1st September....

investment failed successfully

To be clear it wouldn't be 'debt fee' BP would still have debts however cash and equivalents would exceed their debts.

Current debt is $55.9bn (excl. lease liabilities of $8bn)

BP always require a lot of liquidity to support their trading and hedging - the CFO emphasised this today.

To be honest "beleaguered" is a pretty correct term at the moment - THG are being hounded on all sides rightly or wrongly. Criticism does not have to be fair.

Chandley, I think we should put the politics to one side - although I can not help resist pointing out the irony of "We are too entitled"

REVB has dropped nearly 50% in 2 two months.........

Chandley,

I think people have issue with the fact that he states he understands the hardships of the British people then proceeds to act in a manner that is so far outside of the norm's. He clearly does not understand what people are going through despite how many times he keeps saying he worked in a pharmacy.

He should have the political sense to understand that his actions are out of touch. He comes across as disingenuous and only interest in being PM for his own legacy. Sadly Truss is a hopeless alternative.

Personally I feel there are to many elites in Gov. there is a distinct lack of representation. I think it only reasonable for people to challenge the fact of this, the extremely wealthy need not stick their nose in politics directly and if they do prepare to have it bloodied.

@meoryou

I think BP have been extremely clear on the dividend up to 2025 as a base, they have committed to the financial frame and I cannot see too much of a dramatic shift irrespective of PoO.

Sounds fool proof to me. Float it to the Loon

I like the buy backs as it makes the down days a little more bearable.

Does anyone know where I can access the detailed Citi broker note

Regards,

I think the alternative question is where would the SP be without the historic buybacks....

I concede there has been some poorly timed buybacks in our history 05-07 (represents almost half of the $ spent), however I think currently BB make sense as the company is in my opinion seriously undervalued.

Its extremely rare that any company has an opportunity like this where they are making money hand over fist yet the SP is in the doldrums.

The issue here is all around timeframes many people here are visiting the SP daily and progress is expected daily. I think both the CEO and CFO have been extremely clear in the financial frame set out, so I'm at a loss as to why people are trying to anticipate a whole new strategy.

They do not set the SP and thankfully it does not impede there decision making, any rash decision to try and shock it into life could easily look very foolish in the future.

Chandley has nicely highlighted that progress is been made, albeit it steadily.

licker, that's a pretty poor vindictive post.

Do you expect them to comment on every element of speculation etc. and provide a daily briefings to disgruntled investors like your who project their frustration of their investment decisions onto others?

They could have the greatest IR team in the world an I doubt it would make a shred of difference.

Do people even read company materials anymore. BP can keep in their current financial frame based on 60 dollar oil. Which is a pretty healthy return and continuation of debt reduction and transition to green.

I don't understand the drop, although I was also saying the same sub 250p. People complain too much about irrational markets but I'd say just be patient, it makes the I told you so's even sweet.

I don't think also there has been major changes in II's just a lack of buying power in PIs and its a hard sell to those who haven't researched the investment case

It's amazing how many people know what is actually going on, yet still don't have the facilities to make my money.

People should look at their own decision making before blaming and throwing mud at those who are also looking out for their own interests

I feel it pertinent to keep sharing the below link every few months

http://gorozen.com/research/commentaries/3Q2021_Commentary

For those who believe these prices are being caused by the ongoing war - it is not...

We are now entering Q3 22 for which they predicted will be when demand exceeds true supply for the first time historically. This is now unchartered territory.

@gulfharbour, like all things its hard to appreciate the impact day to day - but once compounded the effects will be great. btw 4m a day equates to potentially 1bn per year based on trading days.....just imagine that.

BP has benefitted greatly from the negative sentiment in regards to buybacks - I cannot think of another company that has been afforded the chance to do such discounted buybacks whilst creating so much FCF, I personally wish the SP would remain a little more depressed for the time being.