Member Info for MarkGo

Another 5M shares in todays buyback transaction. Average 308. No buybacks yesterday for some reason.

Question. Is there a daily limit to buybacks under regulations. If not, I do not understand why they are not massively buying at a relatively undervalued price with the SP 'expected ' to rise.?

Apologies if this is a dim question.

Hi J.S.B

I think that sometimes these trades are not as they seem and can be explained away as something less than exciting like system calculations but there are more knowledgeable posters on this forum.

Over to you guys and girls...

Is there a maximum daily amount that BP can buyback under any regulations ?

Thanks in advance gang.

Two economic annoucements this afternoon that could have an affect on the US markets and BP's closing SP.

At 13.30 the US CPI inflation for July headline year-on-year inflation is expected to remain steady at 5.4%, while core CPI is predicted to decline from 4.5% to 4.4%.

More directly at 15.30 US EIA crude inventories (w/e 6 August): previous week (3.6 million) saw the highest inventories build in almost five-months. The previous two month showed a decline.

Basically. Higher inventories build bad for poo. Decline in inventories build good for poo. Supply and demand.

So Sigma1

Another chance to sell around 310 after missing last weeks. You selling ?

Do you believe that the SP is being help back by the buybacks and, if so, how does that work?

I would have thought that buybacks, if anything, would increase the SP. Supply and demand ?

Cheers MarkGo

Good morning luckyguy

Friday Club is the individual's prediction for next Friday's share price at close of the London Market at 16.30 ( I know you knew the last bit already ) Entries close at 07.00 Monday morning and the best bit is there is no entry fee !!

Up to date. Just for info

https://www.nytimes.com/2021/08/04/climate/tax-polluting-companies-climate.html

https://www.theguardian.com/sustainable-business/2017/jul/10/100-fossil-fuel-companies-investors-responsible-71-global-emissions-cdp-study-climate-change

Hi fsdc_me

Welcome mate. Not a silly question at all.

Friday Club is the individual's prediction for next Friday's share price at close of the London Market at 16.30 ( I know you knew the last bit already ) Entries close at 07.00 Monday morning and the best bit is there is no entry fee !!

Have a great evening.

MarkGo

Dinoken

Firstly, that is the most interesting way of asking how to submit an entry. If you really want to know, cut and paste the current entries into your reply window and add your prediction.

I am not superstitious but I hope all goes well at the funeral. Fingers crossed !

Good luck with your predictions !!

MarkGo

£2.97 zac0_4
£3.06 Sigma1
£3.08 MarkGo
£3.09 Bugerov
£3.10 sb
£3.11 Grezzz
£3.12 Terraplane
£3.13 Painless
£3.14 Barbillyard
£3.15 rjb92
£3.17 JSB
£3.19 ShareNinja
£3.23 NSS
£3.26 CamDGoat
£3.33 Android
£3..34 spights
3.35 razu

May I be the first to congratulation Grezzz on the fractionally pessimistic, near perfect winner of this weeks Friday club.

I am always eager to learn so I look to you sharing your wisdom.

Well done.

Again / Mojo

Ahh, now that's a reason. Thanks guys.

Merry our ? Bloody predicted text.

Meoryou Welcome.........

You have to laugh at the performance of the SP on these daily movements. Could it just be market makers manipulating the low volumes because, today as an example, the drops make no rationale financial sense. The hourly rises and falls are not based on anything tangible or am I missing something here ?

I am not bothered by these movements as I do believe it is only a matter of time before the situation changes for the better but I do find them curious.

merry our

Welcome to the forum. I agree with the sentiment of your post. The transcript shines light on all the possible contentious issues that are discussed many times on this forum. There is risk, as with any investment, but I am now more confident that the company has the right strategy.

With the financial structure set with maintaining the dividend and the increases as a priority over the next five years, I am content to sit back, collect the dividends and give Looney a few years to get this right.

In my opinion, a few years is needed unfortunately not a few quarters.

I would be over the moon to keep up my consistent losing streak and lose to you EMGOMG ( or spights !! )

Great economics lesson Mesh. Now I need to retain what I've learned !!

Fully justified rant Compound !!

Feeling positive.

After reading and digesting the Q2 Q and A webcast transcript, I am feeling more assured that Looney is getting the balance of old and new businesses right.

In brief, there is caution on the move to low carbon energy. They are only investing in top class green opportunities and have turned down 50 gigawatts worth of investment opportunities in the 2nd quarter alone.

If it is not top investment grade opportunities they are not interested. There is no reckless wasteful rush in to green.

They also make it clear that Oil product is here to stay for decades and although not exploring new places they intend on ramping up production of oil in the next few years with many new Wells in the areas they currently operate such as the Gulf of Mexico and other areas. There are also new areas that they have been preparing to come on stream over the last few years. Oil is here to stay.

A very balanced, reassuring approach to transition that I believe will be rewarded and recognised, sooner or later, by the market. I am more positive and assured that, for long term holders, this should be a great investment.

Personally, I need to learn to be disciplined and stop investing my time in the day to day share price movement drama.

There is so much information and clarity on most of the concerns of posters on this forum that the transcript is well worth a read.

Great day all

MarkGo

Evening NSS

I hope you are well and thanks for the links.

Link correction.

https://www.bp.com/en/global/corporate/investors/results-and-reporting/quarterly-results-and-webcast.html

Key downloads

Q&A transcript.