Member Info for meoryou

Notmyjob
Although I am selling ,it’s within an ISA. ( to balance back other shares sold in trading account previously)
My main BP shares ( a much larger amount) are definitely a hold at least till £5 where I need to diversify a bit as they are by far my major holding , and will probably sell another couple of thousand shares.
I’m a long term hold as at some time I think strategy will pay, it’s just how long you have to wait

Notmyjob
I’ve said it at least 3 times ,so they may all have been me
My thoughts were simply that anyone who missed the boat last time and wished they had sold might get an itchy finger about that price.
So far this is a much more ordered rise.
But I have sold 2,000 today, but it was more a case of having some where else I wanted the cash for , I have 2,000 I need to sell soon, hopefully £4.50 or higher

Jakers ,Charlie
Normally I would say you are both wrong.
Strong profits is NORMALLY the driver for sp.
But not this time for some reason.
Maybe normally strong profits results in high div , and that is the link that has been broken

That’s a successful result ex div a rise in sp and slightly lower buyback volume

BP p.l.c. (the "Company") announces that on 11 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 10,903,807 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): 428.00
Lowest price paid per Share (pence): 417.55
Volume weighted average price paid per Share (pence): 425.7529

https://www.bp.com/en_us/united-states/home/news/press-releases/bp-expands-ampm-convenience-brand-to-us-east-coast.html

https://energycapitalpower.com/bp-kosmos-renegotiate-birallah-psc/

Wisebear
It feels like they have been given different instructions this time for buybacks.
Think last time it was assumed that buybacks would support sp up and hold it there, which obviously did not happen.
This time it looks like they are just doing enough to move sp ,but not enough to cause a spike.
As Charlie says below buyback volume can stay more similar through whole quarter.
Hopefully it’s a better outcome than last times up and down again

Charlie
That’s a reassuring summary.
Maybe they learned from last time and a slow steady burn will be better than just a sharp peak.
Onward and upwards hopefully

BP p.l.c. (the "Company") announces that on 10 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 11,194,089 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): 425.0
Lowest price paid per Share (pence): 417.1
Volume weighted average price paid per Share (pence): 421.645

Tinker I think the. Drop has been mainly due to to EIA crude report sending crude down form $96 to $93 .
It’s now back up to $95 hence the BP sp crawling back towards opening price.
Now however they have a headline that Iran deal might be back on.
Despite all the negatives at least for now we are above £4

https://www.offshore-energy.biz/aker-bp-reveals-plan-to-invest-700-million-in-north-sea-tie-back/

Aker BP appear to be very focused on producing cheap low carbon oil

https://www.upstreamonline.com/field-development/bp-lauds-fantastic-asset-in-canada-s-bay-du-nord/2-1-1275141

BP p.l.c. (the "Company") announces that on 9 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 11,107,987 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): 425.00
Lowest price paid per Share (pence): 416.05
Volume weighted average price paid per Share (pence): 422.2579

https://www.lightsourcebp.com/2022/08/ppa-deal-with-forterra-brick-factory/

SAO PAULO, Aug 9 (Reuters) - British oil major BP and U.S. commodities trader Bunge Ltd have put their Brazilian sugar and ethanol joint venture BP Bunge Bioenergia up for sale, newspaper Valor Economico reported on Tuesday.

The report, citing sources familiar with the matter, said Abu Dhabi's Mubadala and Brazilian energy company Raizen SA - a joint venture between Shell and Cosan SA - were among those interested in buying the business.

JPMorgan has been hired to advise BP Bunge on the deal, Valor said, adding that the company's assets were valued at between 9 billion and 10 billion reais ($1.96 billion).

Hi Wolfiebill
I have posted a couple of times that I wondered if what we saw as a rise in sp after results Feb and May was really at least partly due to buybacks being front loaded in those 2 quarters.
As buybacks volume dropped off I wondered if that was why sp started to drift.
Obviously there is noise from oil price and DOW doing what it seems to do.
My take was that the drop in volume below 10,000,000 was not enough by itself to support sp.
It’s just a theory and many be wrong.
I would also note so far this quarter volume has been a bit lower than the mega buys at start of last quarter.
If I’m right and that’s a big if, then the signal for anyone wanting to sell or trade would be the drop is sp as buyback volumes drop .
Maybe to 7 or 8 million shares.
No guarantee and do your own research, and history doesn’t always repeat.

oj17
Think in the main as long as buybacks are over 10,000,000 the sp direction should be up( unless oil drops or Dow really drops or other big event).
£4.50 definitely has potential for a bit of selling.
Hopefully buybacks take care of that and we can get a new high
All just my opinion

J.S.B
Just being pedantic
But 4 th Jan 2016 sp was £3.28 that it obviously pre covid so we are nearly up £1 since then.
If you say down 25% from just before covid you are probably correct.
But all that complain ( quite correctly) about being down since early 2020 ignore 2016 as if it never happened
Thanks for your comment debate is always good

BP sp
5 days. + 3.4%
1 month +9.27%
6 month + 2.43%
Year to date +19.73%
One year. +37.58%
5 year. - 6.14%
So we are actually in touching distance of 5 years ago.
Yes I know that means 5 years of not even standing still.
I found some of the figures slightly surprising as the fall from £4.50s kind of took the gloss off the positive’s