Member Info for meoryou

Hi Neil
I said I would not give advice, but here is one bit
If you click on the name of anyone whose advice you want to find out more about it will show what shares they chat in .
Visit these boards to get a feel for what others think, it’s a nice way to get a feel for a share.
I like shares that have a bit of chat as you learn often a bit of why price moved.
It’s free research, but it’s only your first bit of research you still need to do real research.
And please assume anyone who comes on telling with certainty that a share will go up or down X would want to act on it quietly if they were really correct instead of telling world.
They would also be rich with their knowledge, but somehow it doesn’t seem to work that way.

Neil
Glad you are listening to what is being said, there is a lot of risk being in only one share as you have found out.
Won’t give advice, but will suggest what I might do in your shoes.
1) set a target price which may be £4.75 or a bit lower to take a bit off the table.
Probably take about £40,000 off table and put into some fund.
Zac knows more about them than me , and would certainly listen to him with usual caveats.
This would allow me to dip toe in the funds market and learn a bit, before any large placement of funds.
2) I would then set a new target price to sell next portion of shares.( possibly £5 )
At same time I would be thinking if I had any ISA allowance I could transfer some into while still a loss.
3) Since from your timing you have been in all the way down to bottom, would be leaving about a third as an investment to hopefully take advantage of BP future sp.
4) when you do sell your larger amount by then you will know more about funds and returns , but probably should have more than one, again it’s risk management.
Never be afraid to ask a question it’s not nice learning the hard way and we all still make mistakes.
There is a huge knowledge on this board and many as you can see are only too keen to help.
I am more risk averse than Zac so would probably avoid the risk of being in a foreign currency as the pound could go anyway, but that’s one of your choices that you need to be sure of.
Good luck and enjoy the process ,it’s meant to be fun

BP p.l.c. (the "Company") announces that on 17 August 2022 it has purchased, in accordance with the authority granted by shareholders at the 2022 Annual General Meeting of the Company, a total of 10,928,652 of its ordinary shares of $0.25 each ("Shares") on the London Stock Exchange and Cboe (UK) as part of the buyback programme announced on 2 August 2022 (the "Programme") and as detailed below:
Highest price paid per Share (pence): 432.9500
Lowest price paid per Share (pence): 425.6000
Volume weighted average price paid per Share (pence): 429.2775

An American Droop

Think the reports of demand destruction in US are still premature.
The Oil Industry Leader’s have been saying that for weeks.
It may be a matter of time , but I do see it being pushed back far enough to enter heating season.
There are so many factors pushing and pulling in opposite directions that we could end up anywhere

Tinker
This time they have not front end loaded the buyback so we are seeing a different profile of sp movement.
You would assume that the high due to buybacks will be at least similar to last time , but hopefully more permanent as buybacks will continue at volume all quarter this time.
Ideally this buyback will lay a much higher foundation for next quarter buybacks
Unless we get some world event which is really negative.
Just when you start to think you can rely on history repeating itself it always changes.

Companies don’t normally have a chance to do a major change of direction at a time when they are making massive amounts of cash.
Normally you need to change direction because your market has changed, so you try to change to survive, at a time when sales are down.
BP is in an unusual situation where it had made a major pivot in strategy at a time when oil price and profits are high.
This means it can choose what it wants to do and can address both its number one priorities and it’s number two priorities and it’s number three priorities all at the same time ,( these being debt, share buyback, and investing in renewables).
Time will tell if management have chosen well

Neil
I have the mind set that once a decision has been made it’s done and you just accept how it goes , it’s the time up till you have made a decision that is stressful.
We all feel that the moment you sell sp suddenly goes up by a chunk.
I don’t loose sleep over being invested in BP .
If you have been looking in for a while you will know some of the very excellent posters on here.
Keep posting everyone’s opinion means something.
Even (or maybe especially) if it’s different from mine.
It’s always interesting being invested in BP

BP p.l.c. (the "Company") announces that on 16 August 2022 it has purchased, in accordance with the authority granted by shareholders at the 2022 Annual General Meeting of the Company, a total of 10,993,089 of its ordinary shares of $0.25 each ("Shares") on the London Stock Exchange and Cboe (UK) as part of the buyback programme announced on 2 August 2022 (the "Programme") and as detailed below
Highest price paid per Share (pence): 432.0000
Lowest price paid per Share (pence): 424.500
Volume weighted average price paid per Share (pence): 428.9249

Hi Neil
One thing for sure is you will get a wide range of views here.
1) firstly personally I am surprised how hard this share seems to find staying above £4.
I personally feel that with the profits they are making sp should be £5
2)It’s really all about the oil price over the next 12 months.
If you believe oil will stay high( close to $100) then £4.75 seems possible.
If you believe the next recession will kill oil price( and I do NOT believe this) then you will be looking for a price that lets you get out as safely as possible.
Since you have all eggs in one basket, feel that your risk maybe needs to be trimmed with a few sells as you hit whatever milestones make sense to you, just in case.
It’s all just an opinion and whatever other advise you get make your OWN decisions and do your own research
I thought I was a bit too heavy in BP , but am not as bad as you.
Good luck

https://www.offshore-mag.com/drilling-completion/article/14281345/drilling-modules-in-place-on-48slot-caspian-sea-ace-platform

https://www.lightsourcebp.com/2022/08/largest-solar-developer-owner-australia/

BP p.l.c. (the "Company") announces that on 15 August 2022 it has purchased, in accordance with the authority granted by shareholders at the 2022 Annual General Meeting of the Company, a total of 11,166,240 of its ordinary shares of $0.25 each ("Shares") on the London Stock Exchange and Cboe (UK) as part of the buyback programme announced on 2 August 2022 (the "Programme") and as detailed below:
Highest price paid per Share (pence): 435.1500
Lowest price paid per Share (pence): 417.5500
Volume weighted average price paid per Share (pence): 424.2111

If it’s really true, and there seems no reason to doubt it, it does look as if BP is heading into a Golden Age.
Some of the stuff in the Bernard Looney article again is very positive, it looks like they think they can make a lot of money from the green side

https://uk.yahoo.com/finance/news/big-oil-looks-capitalize-1-230000861.html

https://www.nytimes.com/paidpost/bp/energy-trilemma/how-can-we-create-a-sustainable-secure-and-affordable-energy-future.html

BP p.l.c. (the "Company") announces that on 12 August 2022 it has purchased, in accordance with the authority granted by shareholders at the 2022 Annual General Meeting of the Company, a total of 10,711,380 of its ordinary shares of $0.25 each ("Shares") on the London Stock Exchange and Cboe (UK) as part of the buyback programme announced on 2 August 2022 (the "Programme") and as detailed below
Highest price paid per Share (pence): 435.8500
Lowest price paid per Share (pence): 427.7500
Volume weighted average price paid per Share (pence): 431.2956

Jaker,Tinker ,Zac
All posters whose views I would always at the very least consider.
It’s strange now to think of a time when sp in the £4 s would have been just considered a good buying opportunity, but that’s what we would all have thought when you bought.
You could never have predicted a pandemic or a major change of strategy from the board.
Would say if you can leave a few shares when you do cash in they may finally pay off for you.
But whose to say you won’t do even better in something else.
Hope you can all get back to break even or more

Chitty
You forgot BP can corner the Easter Egg market too.
We have 6 months to forward plan.
Chocolate is the new Black Gold

https://cspdailynews.com/company-news/bp-expands-ampm-east-coast

Gives a bit more background and. also includes the quote below.
BP is No. 7 on CSP’s 2022 Top 202 ranking of U.S. convenience-store chains by company-owned store count.