Member Info for meoryou

Stock think this is one of your best posts ever.
I agree with most of what it says.
You have toned down your positivity very slightly ,while still being very positive.
It’s nice to have someone as positive as you on the board, especially as you normally give very reasoned posts of why you think it.
But can understand why some of the “we are doomed” crowd find you too positive during the dips in sp.
It’s a very interesting time to be in BP and if BOD keep getting it as right going forward it’s very hard to say just how high sp can get any number right up to £10 is definitely possible again it’s just timescale (and don’t personally expect that high in next 18 months)
Enjoy the ride

Well not very long to results now.
What a nice price to be at before results final breaking £4.
All we need now is the Mega set of results we all hope for and the party can begin
I used to always believe BP didn’t release news in the week leading up to results, but there have been several little nuggets this week

Thanks I guess it really often depends on the purchase price if you love or hate them at just under £2.
Glad your view of future is positive.
Think 2 years from now will be a different company

Couple of questions
1)when someone like Blackrock are investing in BT are they investing as part of a fund with investors or on their own or both?
2) since many previous BT employees are on this board is that a sign they believe in BT future or just that they still own shares as ex employees.
I am very interested if the ex employees are still there because they believe in the future
Thanks

Mark think you handled your apologies 100% better than Boris.
We all get caught with humour not quite transferring to written text.
We all live and learn ,(then get caught out again)

Mark I am really keen to read the earnings call transcript,to see just how positive the BOD are.
They have been super keen so far,think it’s going better than they dared to hope.
Hope the start to promise cake tomorrow (div to start to at least follow oil price)

Thanks for your thoughts I think it’s a big game of chicken,but sometimes they take on a life of their own,and events get out control.
People like Boris getting involved cannot be good news

Just trying to think things out aloud,and see what people think.
Time scale if they really want to do it
If they wait another 5 years the renewables may mean that we can stop taking their gas and oil and still kind of get by without totally destroying our economy especially if we take the approach that this may happen and build like crazy all the offshore wind.
So think if they want to invade it will be before then
So what if the go ahead this year as planned, again they cannot wait too long as they really need to go while we really really need their gas and oil.
So that maybe tells us they have to decide yes or no before early spring (maybe before Easter),so that means if I am correct that we have about 8 weeks of will they won’t they until it either happens or they miss their chance.
The only other variable is the weather,could they take advantage of big snow storm in America or some other weather event to eg a big freeze in Europe.
Love to hear your views as it’s only my opinion

Oil prices don’t even make sense with 20:20 hindsight,eg look at the wild swings over just a few days.
Only rule that works is what goes up does come down, but can be up for a long time first

Just had to sell about £7000 worth at £3.98 and a bit.
Mainly because I kept thinking sp a bargain and buying some more again and again.
Finally need the cash quickly.
Hopefully that releases the sp to sail past £4 to help you all ( and me cos there lots left)

Look closely at the declaration date for previous dividend as it’s a year out.
Think this is wrong

We seem to be back in an up trend for sp and oil until the next something happens

Enso the buybacks are the one thing BOD can control and taper or build to suit current conditions and spare cash.That’s quite a bit of room to change if needed.
Think the biggest worry would be if BP share in Rosneft was taken away, but not sure that would happen .
No one can say it’s boring being a BP share holder always something to worry about

I understand the logic of paying down debt as it’s not a headline grabber.
If it’s about not looking to be too cash rich, maybe also we should make an accounting statement and ring fence the money still outstanding for oil spill.
That would improve future cash flow.(there maybe some accounting negative to doing this )
Just a thought as it’s another way to make it look as if we are not doing so good in headline numbers

Below £4 It made total sense to make the Share Buyback the top priority.
At some price above £4 (maybe £4.50, but certainly £5) the balance between buybacks and dividend should start to shift.
As dividend increases this should fly.
Time scale that’s the very important unknown?

It’s a quiet day after the £4 chatter of the last few days so thought I would share some thoughts.There’s not much news on the oils side except the high oil price.
So I have been thinking about renewables.
When BP used to look at opening up a new gas field they would try and sell a long term contract for gas eg to a Power St or large gas user to give them confidence to open up a new area.This is exactly the same model Lightsource BP uses only building once they have a contract to sell the power and price visibility going forward.
In the wind power side it’s even better they make the electricity and pay someone to transport it.They can then take their power back anywhere,and someone else does the balancing,(and the blame if something goes wrong) so they can charge cars anywhere,although they may need to put in high voltage lines back to substation.
Once they have the wind power sorted they look to build Hydrogen Hubs.
Once you get customers for your Hydrogen hub they are captive customers as they are on the end of your pipeline,and would need to change burners etc to go back to using natural gas.
BP has a lot of experience of streams with Hydrogen in their refineries,and also streams with Hydrogen and Natural gas(methane).
The carbon capture side is a whole new business who’s time will come,and be a big earner
In some ways I see the green side as de risking the business.Less tied to oil price,less chance of another Oil Spill etc
As I have said before as long as Oil business and Green business can make money it’s fine to have foot in both camps.
Oil will still be around for many years and according to some at very high prices.
If the BP strategy is to sell fields with high break even costs then again this de risks
the oil price falling.
If we have less fields but ones with better yields then cap ex will also fall eg if we are going to only produce 40 or 50% of the oil we do now then cap ex should also reduce by similar amount ,that’s 6 or 7 billion dollars less to spend(and possibly to return to shareholders).

If we can’t all be happy when we are finally touching £4 I think it says something about some of the posters on this board .
The part of me that bought at Ave under £3 is very happy
The part who invested at over £5 is very chilled.
My advise to all is if you look at yesterday’s posts when we touched £4 the post with double anyone else’s recommends is Bazs sheepdog joke.
Life really is too short to get all worked up at internet strangers

Thanks Baz I liked that onej

Chitty think maybe some on here are digit challanged( missing a finger) and so can’t count higher than 4 .So making 4 a barrier.
Just a theory,in my humble opinion

For those watching Brent crude price I would also note spread between Brent and WTI crude is now below 2 dollars,which I think is as close as they have been for some time