Member Info for meoryou

If Marks 11 million barrels were true, your 50 million barrels could all be used up by end July.

We may start to get a bit more clarity around then,as driving season will also be a bit more visible.

If the market does turn sentiment will change quickly.

We are only one Black Swan event away from carnage, which probably would lead to the recession.

Https://oilprice.com/Energy/Crude-Oil/Oil-Ticks-Up-After-EIA-Confirms-Huge-Crude-Draw.html

9.6 million barrel draw

Add in slow drop in rig count in US Over the last 8 weeks.

71 rigs less than a year ago.

Tinker

It’s months since there has been a real BP related reason for lower sp.

It’s mainly oil price, interest rates,recession,and US, and they are affecting all stocks.

Meanwhile the buybacks continue to hoover up relatively cheap shares.

If ( and it is if) the buybacks increase again next quarter sp may just possibly firm a bit.

And if next set of results surprises on up,with better visibility on renewables, then who knows where sp goes next( yes we all know the answer to who knows is aways y11)

Https://www.conservativewoman.co.uk/whos-on-board-for-greta-thunberg-month/

My wife follows Friends of Ambassador cruise line.

She says Saga Travel insurance was highly thought of by posters there.

So maybe some parts of the Insurance side still have a bit of hope on their side?

Good to see you back Mark.

Nice post, if they did get it right ,the future will be astoundingly good.

If it’s only mainly right the future will be bright.

Never ever felt that everything they did was wrong, so still feel kind of positive on the future

Happy

I think it’s a really good time to think out the strategy for the next 5 years.

Inflation in renewables means it’s the right time to decide what works ( return wise) and what doesn’t.( also we should be better able to make these judgements from next set of results as they begin to report these)

I do like that oil production has become more important to BP,as it’s going to be around a fair while yet.

Hydrogen and Carbon Capture interest me, but time will tell if there is big money to be made there.

As for Looney, think when he took over was a very turbulent time, so you could see him try to read the future.( not many people got it right in 2020).

(Bob Dudley took over in very turbulent times,and showed he had what it takes.)

Looney has got a lot right, but the question is has it been enough.

Think it’s only in another 5 years we can truly answer that.

Just my thoughts

This just raises the levels of uncertainty.

There have been more twists and turns than a twisty turny thing.

At least short term it takes the pressure of Ukrainian civilians as don’t think they will be a priority target for the next wee while.

Putin not the type to go quietly,but there has been a nasty habit of Russians falling out windows and similar.

Fear can make him desperate so really hard to predict what he does next.

Never ever thought he would invade, as until he did he held all the Aces.

Let’s hope for a quick and positive solution for all.

And if he is replaced , let’s hope it’s someone who wants to talk

WP

It was a 5 year plan,so it’s getting about the time when you start to design your new 5 year plan.

As you say the underlying business continues to perform very well.

In 2020 they were designing the business for the future.

The future is here and it looks good financially,but maybe not quite there on sp just yet.

For what it’s worth my thoughts are.

The relationship between interest rates and div have now changed.

There have been a large number of years recently when low interest rates meant very little incentive to over pay mortgages,and maybe have a wee gamble on the stock exchange, div just about cover what your interest was on the cash you gambled with.

Now that’s changed.

People with spare cash advised to pay off some of mortgage first.

In the long term ( don’t know how long it needs to be) you should still be better in the market,but with BP it’s not very easy to defend that statement.

Anyway back to the question you asked.

Think stocks classed as div stocks need to be mindful of interest rates when they set div, but in the end yields are really set by the market via sp,so if yields don’t compete with saving rates, sp likely to drop to give comparable yields.

It must be hard for BP BOD to defend BP sp if it benefits their buybacks to do so at a lower price.

So maybe higher interest rates mean £6 is a while away.

Oops finger not on pulse today,

Missed that one totally.

Forgot that was today.

Sorry Spights

I have puzzled over it for an hour and still stumped by the meaning.

Give me a clue please.

Animal

Vegetable

Or Mineral

See RNS for full details

BP abandoning wildcat well in offshore Canada

Looking like this one is a big no

Halma

You could be correct.

The problem is always identifying the eggs you wish to keep,or those you should get rid of quickly

Me too Spights

The board has had some very quiet days.

It’s nice to see everyone,because there really is little BP specific news out there at the moment .

Ps my div will be used for that new iPad as grand daughter no2 has her eye on this one( and she also has her eye on grand daughter no1’s IPad) so anything for piece and quiet.

Jezzoo

Glad some words from you have got them behaving better.

Maybe if you could just sort out the bankers next we could settle down to some up days.

Markgo

Please if that is the type of post we can expect can you just post a little more frequently.

Things we now know

Economics crap at predicting inflation

Brokers crap at predicting BP sp

Half of oil analysts crap at predicting oil price( sometimes it’s the it will be lower half that’s wrong ,sometimes it’s the it will be higher half that are wrong)

Boris crap at telling the truth.

Putin crap at invading other countries.

Trump just crap