Member Info for MarkGo

meoryou

Just rewards for BP, long term shareholders, will happen, it's just a matter of time and how long you intend to hold !!!

See the link below.

I hope everyone is having a great weekend.

https://oilprice.com/Latest-Energy-News/World-News/Lukoil-Heres-How-Oil-Could-Hit-380-Per-Barrel-In-2050.html

Owl85

Another example of someone so blinkered that you are implying I am an antivax, conspiracy type for suggesting there may be a difference way forward than living in fear.

Mark

Anyway, I am off out now for a few drinks with family and friends before Sunday lunch at our local.....while we still can.

MikeM14

Firstly an apology. My incorrect spelling of Omicron was due to predicted text formed from the earliest days of the varient. Thank you for bringing that to my attention. These insignificant details are truly important.

I believe this is a chat forum where subjects that are directly, or indirectly, connected to our investment in BP and the bigger economic, societal picture and thoughts and opinions should be able to be posted openly and freely and criticism, support and debate, in response, welcomed. So I welcome your response.

In answer to your question, I have not written to my MP as only a fool would believe this would make any difference to the current direction of this neo authoritarian Government where there is no true political opposition. We have sleep walked into this, through distraction, while liberals and the media become outraged over a Christmas party and wallpaper.

I would go so far as saying we now live in a dictatorship. The Dictator is Covid. Everything else bows down to this.

While cancer sufferers and others requiring medical treatment and operations die on waiting lists, while mental health problems and child and domestic abuse cases rocket. While industries, businesses and jobs are destroyed, you MikeM14, post as if there is no alternative to our leader's view.

In a pre pandemic world, there would be furious outrage at the Government for what they are doing.

My dissent, criticism and posts are not the problem here.

In answer to your question, what I think we should do.

We should all get vaccinated and boosted, We should live without fear. We should live without oppression, and be free.

Mark

BBC
Analysis box by Nick Triggle, health correspondent

When it comes to Covid hospital admissions it's going to become increasingly important to look behind the headline figures to truly understand the impact of Omicron.

With infection levels rising, it's possible a greater share will be incidental admissions - a patient with a broken leg who happens to test positive for Covid on arrival, for example.

In London more than one in five patients in hospital fall into this category - and it's a proportion that may be just showing the early signs of increasing.

Admissions for Covid are also going up, just not as fast it seems as admissions with Covid.

So direct Covid pressures are still on the rise but just maybe not as fast as headline figures suggest.

Another figure to watch is length of stay for Covid patients.

It has been falling throughout the pandemic.

If it falls again during this Omicron wave that too could relieve the overall pressure.

FOUR OUT OF FIVE COVID HOSPITAL CASES ARE 'INCIDENTALS'

Harmonica. Its the BBC not just me saying this now. Hardly anti vaxers.

Harmonica

Prior to Covid-19, every winter hospitals were overrun with flu cases and deaths.

Influenza kills up to 25?000 people a year in England and Wales, report says
Roger Dobson

Additional article information

A new analysis of the burden of influenza in England and Wales has been published by a team from the Health Protection Agency's centre for infections.

The authors say that flu causes between 10?500 and 25?000 deaths a year in England and Wales and is responsible for about 800?000 visits to GPs a year, a seventh of all visits for respiratory disease (Journal of Infection )

Life went on as normal. A question for you, if I may.

Would you be in favour of similar covid like restrictions, lockdowns, flu jab passports in the event of a return to the annual flu epidemic and deaths, or would 10000 to 25000 flu deaths per year not be as important as Covid deaths or flu overwhelming the NHS not as important as Covid overwhelming the NHS. Is 'don't kill Granny' with Covid different from ' don't kill Granny' with the flu.

Genuine question.

Mark

Harmonica

Play another tune.

With thanks to my good friend Enso.

https://news.sky.com/story/covid-19-most-cases-now-like-severe-cold-and-omicron-appears-to-produce-fairly-mild-illness-expert-says-12497094

BPInvestor

Hi mate, maybe turn off auto-invest as a suggestion, if you can do it this time or next. I guess auto-invest is a good option for hands off investors. As soon as I receive my divs on ii, I can invest immediately manually.

Personally, I have not invested my dividend yet. I intend on waiting for any possible dip with quad witching. May or May not be the right move.

Anyway, good luck.

Mark

Auto invest. Damn predicted text.

BPinvestor

I have ii as well as HL. My divi in ii was available to invest immediately it was paid if you invest manually. Have you also invest set ?

Mark

Retirement

Regarding HL. You need to log in on HL's main platform, go to your account, then Cash, then Income and loyalty payments.

Next, you have to transfer the dividends into your trading account. It will not show on the app or will you be able to trade unless the do this convoluted way HL works.

Mark

Retirement

HL have paid

A bit of light reading, fool's article. I do agree with the opinion.

Have a great dividend day. ii divs paid, awaiting HL

Mark

Where will the BP share price trade in 2026? - The Motley Fool UK

https://www.fool.co.uk/2021/12/16/where-will-the-bp-share-price-trade-in-2026/

Paul

I don't expect you will find too many who will disagree with £3.50 during the first half of 2022. You could possibly even dispense with the 'maybe' in my opinion.

Although the statergy of setting the bar low does help to limit the possible pain of disappointment !!

I am going to put my prediction at £3.50 this Christmas, not next.

My reasoning. The outcome of the Fed's meeting pleased the markets. Central banks have made their decisions for this year, Oil is ticking along nicely. My money is also on the market's Omnicron fears, of disrupting the global recovery, lessening by the day as data increases.

So, following the possibility of the quadruple witching day, options expiring causing some SP swings Friday & Monday, my prediction is for an lastminute.com 'Santa Rally' for equities resulting in...

£3.50. Close of play, Christmas Eve

Have a great evening all.

Mark

Should be a nice bounce back today following on from the US close. Stocks seem to have suffered and were dragged down prior to the fed meeting outcome. Positive US rebound after UK close.Of course there is still quad witching to watch out for end of week.Have a great day all.Mark

Getafgrip

Excellent piece thank you.

Mark

Hi Lee

I hope you are having a good evening.

In attempting to polish a turd, the additional share listing for employee share schemes/ bonuses etc would have happened regardless, they most always do.

However, at my calculation, the 35 million equivalent shares will be cancelled out within six buyback working days, but, I do agree with the sentiment of your post.

I hope that the forward bonus scheme for the board is aligned with share price targets and profitability and not just earnings per share as that can be manipulated by cancelling shares through buyback programmes, if my amateur understanding is correct.

I note that BP ADR has recovered this evening. Current conversion value of £3.34 so looking good for, hopefully, a move north in the morning. Brent also up, now $74.5

Great evening all.

Mark

Getafgrip

I second that from Never. A great analysis. A more sussinct version of my BP ramblings.

Looking forward to a great few years ahead.

Only a BP shareholder but our companies, and our fortune's, are fairly aligned.

Great day all

Apologies for the double post. I'm not that egotistical just have a dodgy phone.

Enso

Hi mate, Excellent post. Thank you.

I too am fortunate enough to be able to keep my investment in BP, without any foreseeable reason to sell any, and plan to add and hold to at a minimum of 2025 to allow the exciting transition to progress and start to provide returns.

"As always, be open minded, change your position when justified and DYOR." Excellent point Enso.

meoryou

Buybacks of at least $4 billion a year until 2025 will have an influence. In this current market, I believe you are seeing the SP being supported by buybacks, how lower the SP may have been, without buybacks, is impossible to know but sentiment and Omnicron pressures will change.

When they do, the buybacks with support upward movements in the SP. All things being well.

In my opinion, buyback influence is long term and cumulative. Each quarter $1 billion, or so, of cancelled shares, therefore, saved dividends payments, for the next 3 years.

Possibly around $14 billion ( probably a few billion more) cancelled shares by the end of 2025 with the company having a current market cap of $87 billion

$1 billion buybacks per quarter, annual dividend increase of 4%, investment in Oil, Gas, transition, debt reduction.

All achievable at $60.00

Q4 2021 average to date is: Brent - $81.37
( data compliments of NewKOTB )

I can see great rewards for remaining invested in BP.

GLA DYOR

Have a great day all.

Mark

Enso

Hi mate, Excellent post. Thank you.

I too am fortunate enough to be able to keep my investment in BP, without any foreseeable reason to sell any, and plan to add and hold to at a minimum of 2025 to allow the exciting transition to progress and start to provide returns.

"As always, be open minded, change your position when justified and DYOR." Excellent point Enso.

meoryou

Buybacks of at least $4 billion a year until 2025 will have an influence. In this current market, I believe you are seeing the SP being supported by buybacks, how lower the SP may have been, without buybacks, is impossible to know but sentiment and Omnicron pressures will change.

When they do, the buybacks with support upward movements in the SP. All things being well.

In my opinion, buyback influence is long term and cumulative. Each quarter $1 billion, or so, of cancelled shares, therefore, saved dividends payments, for the next 3 years.

Possibly around $14 billion ( probably a few billion more) cancelled shares by the end of 2025 with the company having a current market cap of $87 billion

$1 billion buybacks per quarter, annual dividend increase of 4%, investment in Oil, Gas, transition, debt reduction.

All achievable at $60.00

Q4 2021 average to date is: Brent - $81.37
( data compliments of NewKOTB )

I can see great rewards for remaining invested in BP.

GLA DYOR

Have a great day all.

Mark