Member Info for meoryou

At least BP IS making lots of money , it’s just having difficulty turning it into cash for shareholders.
2022 is still young there’s still time for a rose to grow from your stinking turd , or maybe not.
Time will tell

Hi Adrian
Yes it would have been a oh so much better headline if only I had spelt it correctly

It’s only a month till next results day 3rd May and everything is so quite.
We know that earnings must be mega, but with a massive write down .
There are so many unknowns,even more than normal
Why did buybacks stop?
Rosneft
Dividend policy going forward , has it changed now that buyback paused or stopped.
How much debt has been payed back , assume with oil price so high and last buyback stopped early we have been going mental on debt , but just a guess.
If these earnings aren’t the catalyst for £4 , what on earth would do it .
It’s starting to look like 100 dollar oil is the norm , and anytime it spike too high it’s reigned back in .This range would be good as any higher really risks demand destruction, especially with high energy prices and high inflation.
Russia will always be the great unknown , but don’t think they will ever be trusted again .This will slowly change European energy outlook as they hopefully never let themselves be caught with one main supplier again .
Wonder if there will be a rise in sp when new tax year starts
Would expect some sort of run up to results day , then what?
Shell results 2 days after ours so hopefully ours are better and we get a rotation from shell to BP.
Just some idle thoughts on a slow day for news or posts

It’s the romance of the National that anyone can win, but some are really less likely than others.
A wee each way bet for a place maybe?
Think really it’s came a year too early for him .
If his training regime is truly right maybe next year ?

Hi Bumble
UK government’s never plan ahead properly,they react to whatever they think is popular to try and stay in power.
If only we had planned ahead like Norway with a Sovereign Wealth Fund from oil.
We did actually have BNOC ( government owned) which owned oil from every field, but it was privatised and swallowed up by BP
Maybe there is still time to do it with offshore wind even a 1% surcharge would bring in quite a bit over the 35 years they project these wind farms to last.

Just been reading an article about Flight prices increasing.
It said jet fuel prices had already risen by 45% this year
It also suggested that jet fuel may increase by 6% every month till August.
That must be helpful to BP earnings
The advice was to book well in advance and not leave till last minute hoping for cheaper tickets

Global solar developer Lightsource bp today announced that it has finished the construction of a 5MW solar project at the Davidstow creamery, which is home to Cathedral City, the nation’s favourite cheese.

The project includes a 30-year power purchase agreement (PPA) with Saputo Dairy UK, a producer of leading British food brands. The partnership between Lightsource bp, which recently committed to developing 25GW of solar projects by 2025, and Saputo Dairy UK, furthers the growth of the renewable sector through the construction of the solar project.

One day finally it will be our turn , to outperform Shell and others.
If I keep saying it one day it will even be true

For those paying attention I never took share split into consideration when calculating div since 1997 .
Since your share became 4 shares you would have got back approx £16 in div

Perma
Are you aware when you look at sp from 1997 that June 06 1997 there was a 2 for 1 share split .
Then again in 4 th October 1999 there was another 2 for 1 share split.
These only happen when sp is getting highish

Perma
Just did some calculations and in your time frame. Out to 1997 you would have had almost £4.50 in div .
That doesn’t sound too bad.

BP has reportedly reached out to state-backed firms in Asia and the Middle East as it looks to offload its Russian assets
Bloomberg cited people with knowledge of the matter as saying that BP has made preliminary approaches to China National Petroleum Corp. and Sinopec Group about the planned sale of its roughly 20% stake in Russia’s Rosneft PJSC.
It was understood the oil giant has selectively reached out to some potential buyers in the Middle East.
In addition, BP has been gauging interest from Indian firms like Oil & Natural Gas Corp. and Indian Oil Corp. in acquiring its stakes in some Russian oil and gas projects, Bloomberg said. However, the company’s efforts have gained little traction so far.
In February, Bloomberg reported that BP could also seek to do a deal with Rosneft, either handing the stake back or selling it at a huge discount. This is considered to be the most realistic option because BP would struggle to sell down on the market or find another buyer for the stake, given the sanctions on Russia.

A BP spokesperson told Bloomberg the company continues to pursue an exit from its interests in Rosneft and businesses with them in Russia, declining to comment further.

Rolls-Royce and Air BP have struck a deal to cut carbon emissions during gas turbine engine tests at three sites, including Derby and Bristol.
The engineering giant has its civil aerospace division at Sinfin, where it designs, develops and builds aero engines. It said the deal with the specialised aviation division of British BP supports its sustainability commitments.
It will see aviation fuel supplied for engine testing at Rolls-Royce facilities in Derby, Bristol, and Dahlewitz, in Germany, made up of a 10 per cent Sustainable Aviation Fuel (SAF) blend.
The chemical and physical characteristics of Sustainable Aviation Fuel – which is produced from sources such as cooking oil, plant oils, municipal waste, waste gases, and agricultural residues – are almost identical to conventional jet fuel and can be safely mixed with it. It can also use the same supply infrastructure and does not need aircraft or engines to be adapted.
Rolls-Royce said unblended it has the potential to reduce net CO2 emissions by more than 75 per cent compared to conventional jet fuel, with the possibility of further reductions in future.
Under the new deal it will be blended with traditional aviation jet fuel by Air BP

Pratt & Whitney has signed a memorandum of understanding with Air BP on the use of 100% sustainable aviation fuel (SAF) for P&W’s engine testing and research.

Under the agreement, both parties will work together to explore a “viable supply” of full-SAF for engine and propulsion tests through 2024.
“In addition, the two companies aim to collaborate on researching the performance of 100 percent SAF in propulsion systems to provide insights and data into fuel performance and emissions reductions,” says P&W.
It’s nice to see P &W believe in BP

Theaky I know every time they say this time is different, but each investment In renewables is only agreed when the revenue stream is already sold , it’s how they did their new gas fields only give green light when you have a contract signed to sell the gas.
Some Lightsource BP installations have already been sold for profit.
Some wind farms have also been sold on for profit.
Many of the largest companies eg Apple etc insist on green energy , so currently there are buyers.
It’s a big experiment and no-one knows the outcome especially me(or you).
Time will tell.
I’m much more interested in why buybacks stopped, does it signal div coming back, or is it just a pause?
I do think all have a right to an opinion ,but you seem to be denying me an opinion.

Slater BP doesn’t even know exist
But the reason employees and ex employees might have a shareholding to make statements about is due to the BP employee share scheme.
Some of my shares cost zero as part of the matched scheme.
Maybe that is something to do with how we see our investments.
BP right or wrong is just silly I have been a shareholder long enough to see major mistakes like when they diversified in the 90s and every business got sold later for a loss, and many others

If you buy for about £2 and it splits into 2 then each split into 2 then each split into 2 that leaves how many shares ?
Think it might be 8
So I have 8 shares that cost 25p .
So tell me how long term doesn’t work.
And Theaky how could you invest in a company if you think they are so pathetic to actually come on a place like this to preach to you.
If that is really what you think !

I am a long term holder with 3 sets of share splits and I have definitely made money.
Different question could I have made more ? Possibly.
BUT I could have picked any number of other value traps to loose that money , or even more .
My difference is I actually believe the story , that’s why I have added and will add more .
Many on here obviously don’t believe the story

Prof
There’s no argument against what you say, but two things
1) why has buybacks stopped, this was not expected.
If it’s a strategy change (and who know if it is ) , it could mean div is coming back
2) it’s 5 weeks till next results , you will usually get some sort of run up in sp towards results ( unless oil price falls badly) ,
It’s 2 possible reasons to wait a little before selling ,
You have given many reasons to sell , and you may well be correct.
I would add understanding the BP sp is currently beyond most of us ( unless you use the simple it will always go down argument).
Good luck whatever your choice

I can understand that argument.
People chose different ways to measure their investment performance.
My real point was there is a bit uncertainty about what is happening with regards buybacks , and if they are stopped the cash for them must go to div
which if It doesn’t affect sp will certainly have me buying more.
Thanks for your comment