Member Info for Lenin

I just wondered if any longer term shareholder here with good knowledge of this company/ or companies..... would know if there is some sort of official date to adopt the new company name Harbour Energy or if a formal date has not been set ...I will send an advanced Many Thanks for anyone who takes the time to reply ...

Apologies ..Typo Error

To sender your question ...a combination of the Lockdowns and the Oil price war between Saudi Arabia and Russia was the reasons for the Oil Price Crash ...But for the Oil Revenue dependant nation's such as Saudi Arabia / Oman and others etc this has lead to a massive loss off government revenue and hiking off domestic taxes ...this is what I meant by the statement ..they will not repeat the same mistakes ...

I brought back into Premier Yesterday ..( I have not held shares here for a while ) .. although I am aware this i has a bigger percentage of short sellers ..I am reading where it will go wrong for them is if the price of oil can continue on its upwards rise ...On this subject I am pretty certain the Saudis and other oil producers will not repeat the same mistakes that lead to last Aprils oil price crash ...

Personally I can't see what is all the fuss over the B P Wind farm Profit Margin ..If the profit margin ended up being smaller than would be hoped for is that really so bad ???..First without obviously including last year ..B P usaully count their net profits each year in billions ..not millions ...Then is a profit margin on this windfarm project really that much more important than say B P trying to make a contribution to prevent climate change and leaving future generations a world that they can still inhabit ???....As much as I want to make money as a share holder here ...I think this is a worthwhile project for B P to be involved in even if they were not to make a vast fortune from it ..We still depend on fossil fuels but projects like these show that there is the willpower to try to tackle this very serious issue of climate change ...

Sorry typo error ..B P share price

This is just a thought .I know this is a double edge sword but when I recently heard electricity prices would soon be going.back up something in my mind told me the B P share price would soon start to go back up on the back of the rising price of oil ...The last time we had very expensive electricity prices the B P was flying high !!!

Sorry typo error ....if oil can recover ...

Last year is still casting a shadow over oil companies ... without bigger investors coming back in ..B P may take a while to recover ...if they are able to.incease the divident in the near future that would help as bigger investors would come back in ..If I can recover to well over $ 60 dollars a barrel that would mean B P s financial recovery would be much.faster ....

Hi I am a little late to browse through the messages but as regards to your question .......try to think of a Market Maker as a wholesaler who job is to provide liquidy to the Market in other words the access for a person or group off persons to always be able to buy and sell shares or bonds etc ...So a Market Maker would normally be a large financial institution such as B N P Paribas or Morgan Stanley for example .....The spread between the buy and sell is their way to make money of course ...The Broker is simply the intermediary between the Market Maker and you ( who is the buyer or seller of shares ) who acts on your instructions to buy and sell ........One thing to note on share chat boards sometimes ..if for example a share has had a volatile day someone will post a message such as ...The Market Makers Have Been Playing Games With The Shares Again !!!. without providing any evidence to support this .....I do not myself believe this statement I frequently see on share chat boards but if there is a truth behind this then I would have no idea how that would work ...But then of course there are people that believe the Apollo Moon landings never happened and it was all filmed in a Hollywood Studio ... Although I think this conspiracy theory is a load of rubbish as well ...you.choose what you want to believe but it is usually best to find some evidence first to support these statements if you decide to believe what is posted ...

There are a messages here criticizing B P and the policies pursed by the C E O ..This is supposed to be the reason behind the poor share price performance ..But is this fair?? ...Well the only way this can be judged is comparing like with like in the same sector ...When comparing B P to Shell /Tullow/ Premier this is a basic guide to performance ...The share price increase over 3 months is B P sub 28% ..Shell sub 30 % ..Tullow sub 59 % ... Premier ..sub 73 % ....But held over a one year position the results are different ..A share price decrease for B P sub 47 %.. Shell sub 38 % .,.. Tullow sub 42 % ... Premier sub 81 % ......Off course 2 are large cap and 2 smaller cap companies which are compared.. but how well or badly the B P Share price had preformed against other oil companies basically depends on the time scale. ..B P is just slightly behind Shell over 3 months but over one year the performance of the share is well within the sector ....The conclusion that can be drawn is nothing particular for or against BP but rather what the investor sentiment has been for the energy sector in general over the last 12 months ...

One interesting thing to note today the Footsie started well early and then ended in the red by the end of the trading day ..while B P started poorly but finished quite well at the finish ... ..The last few weeks B P had been underperforming the Footsie on quite a number of days ....Could it be that market sentiment is may finally be starting to favour Big Oil once again ????..

I could not comment on yesterday's share trades but when I last checked the U K s most shorted stocks.. B P does not even make it to the top 100 .. Which I suppose could be taken as a sign of confidence that the B P share price will recover as usually the most vulnerable business get shorted .. Actually I was surprised to see Sainsbury's up there as one of the U K s most shorted stocks as I imagined that to be a business not so effected by the Pandemic but there may be underlying issues with Sainsbury's that I would not be aware off...Just on the issue of shorting.. is it really the shorters to blame for a drop in the share price if the share in a company has become over valued in relation to its business finances etc...????
I mean take a company such as Cineworld to use as an example ...Unlike B P their company share price has been doing quite well recently despite the fact that nothing has changed for the company in that it has very serious debt issues and lots of other issues going forward even after lockdown....I am not a shorter but I could understand why this stock is being shorted if some institutions think the share price will drop after investors go cheerfully ploughing their money into this company hoping it will recover ....Off course if this company did eventually go bankrupt their investors would probably be moaning at the shorters first if the share price collapsed without considering they were the ones who decided to take the risk in what they were investing in the first place ...With shares as with many things in life when buying anything .....You pay your money and make your own choices ...

The increase in oil prices ..hence the return for B P profitability did not really start until early November when Brent Crude has gone from sub $40 dollars a barrel until where we are now at around $57 dollars a barrel ... hopefully $60 dollars a barrel could soon be on the cards which should have a dramatic effect on the B P share price as once the oil price goes above $60 dollars a barrel this should finally bring to an end an awefull period for the oil sector and it's longer term shareholders .

So basically what the online news is saying that. B P were expected to make a $4.8 billion dollar loss but it ended up being $ 5.7 billion dollars .. and the fourth quarter net profit was $115 million dollars missing an expected $ 228 million dollars ...It is not good but what is puzzling there are companies ( to use an example Cineworld or the airlines whom during this Lockdown /pandemic are in a much more dire financial situation who shares have preformed much better than B P recently ...It must be some shareholders frighten more easily here ...

Apparently in the North Eastern part of the U S A .
a heavy snow storm is pushing up the price of Crude Oil as there is much more demand for winter fuel for heating etc....Even as an adult I like snow ...I will love it even more if it can help to push up the B P share price !!!!!...

I remember from earlier last year B P planned to bring down the break even point from just over $50 dollars a barrel early 2020 to around $ 35 per barrel during the course of this year .........
..By October 20 it seems $42 dollars per barrel had been the achieved break even point ...Off course in the meantime the price of oil had recovered since the 2 nd part of 2020 to stand at around $55 per barrel ...B P should be showing that during the later part of 2020 a healthy climb back into profit ....

I never make any predictions on shares but it is interesting to note on the 31 st of December B P was 254 pence a share then climbed up to 309 pence per share by the 14 th January ...The drop since is basically to do with market sentiment as the price of oil was a little lower just before Christmas ...As mentioned in previous messages hopefully investor sentiment should change to a more positive mood ....

Away from B P ( just for one moment ) but within Oil ...its interesting to note that the Reddit Craze ( where retail investors form a pact to burn out short sellers / hedge funds etc.. .) has spread to Oil in the U S A ...A tiny Oil Drilling company called ..New Concept Energy ..which produces less than 70 barrels of Oil Per Day and the average age of the board members are people in their 70s had seen their share price skyrocket by 959 % in the space of a few hours ... Sadly the Market Cap of B P means it is very unlikely for shareholders to experience something like that here but I for one would be happy if we soon head back towards the Pre March 2020 era ..

Just wish to repeat message I had seen earlier ...this is one of the few share chat boards I seen where people have disagreements on share price direction etc ...but still managed to stay civil -- and I have owned shares for different lengths off time in a number of companies in all sorts of sectors and have been on and read lots of different share chat boards where I have seen some truly nasty messages directed at other shareholders when a disagreement has taken place . ...Well done to all here whether you are a long term or short term B P Share Holders..