RE: Predictions?1 Nov 2022 15:03
hd
'' £6 may be a bit ambitious''
Why is that?
At the current rate BP are buying back about 2.5% of shares per quarter, which means that if the market cap remains the same it would be at about £6 in 2 years time. Of course with decreasing debt and increasing dividends along with a bigger market cap,that timeline could be a lot sooner.
Apart from having a very severe recession with very low oil prices what is the argument against?