Member Info for meoryou

Hi Emerald I see OPEC defending some oil price this time and not mucking about with market share like last time at beginning of COVID.
I would suspect that the price they want is well above 60 dollars and maybe even above 70 ,if that’s the case things will still be fine for BP

Enso
BP definitely have not had a rights issue since before 1980 can’t say about before that.Only major event similar would be sell off by government of its large stake in 1987.They have had 4 share splits 3rd July78,23rd June80,6th June97,4thOct99
Largest part of share number increase was possibly due to script div?

Gary don’t think old BP and new BP will be the same company
New BP expects to make money with oil prices lots lower by selling assets which lose money at lower oil price and only keeping the ones with lowest costs.
Also keeps expanding retail to be less dependant on oil price.
As renewable matures that side will be like a utility with very predictable revenue.
So think will ride out low oil much better than Old BP (just my opinion)

Just imagine what even one quarter of 100 dollar oil could do for BP finances

Market cap according to Yahoo finance is only £65billion
We could be retiring 5% a year without too much trouble at 80 dollar oil.
If we do 3 years of that company would be worth about £50b (so think if still making this kind of money share price would have to rise)
If share price did not rise there are limits on how much new shares can be released,
without a shareholder vote ,which would be the same % but of a lower market cap
So don’t see a large increase in number of shares in future unless we acquire someone for shares (but what do I know ,time will tell)

It’s always easier to remember when you lived it.
We can only dream of share splits these days.
Worked for BP and was started in shares by BP share scheme ,and had to learn a lot the hard way by getting it very wrong.
You are still open to learning and that’s always good ,best way to learn is always from other peoples mistakes.
We are never too old to learn.
Your attempt at humour may be right as wherever you got your data from probably rebased share price to cover share splits

Mark if you bought in 1996 you got a 2 for 1 stock split in 1997 and another in 1999
So those of us who held then ( me me) did rather well

GW
Yahoo finance says there are over 1,000 institutions invested in BP and lists about 15
Different ones maybe someone should email their investor relations and ask their view on investments in oil and gas ,then we will know a bit more about if selling pressure likely to ease.
From the video I wondered also where nominee accounts fit in his ownership model ,as that could make up a reasonable %.

Very useful and seeing a lot of positives also helps you look at the important parts of the numbers when results are being reported.
(Glad he didn’t have an Irish accent as would have thought it was Bernard Looney)

Zac
Share price dropped due to demand destruction due to COVID resulting in negative oil price,
Low oil price meant div had to decrease .
Only other solution was to take on even more debt,which after oil spill BP was not in a position to do

Whatever your view on buybacks when you look at a 5 year graph of BP sp
BOD have done one hell of a job to do the buybacks so far in the price range they have managed (yes it’s partly a function of the lower div but even so if some other company had came in and hoovered up a couple of billion dollars worth of shares sp would have moved)

Makes you wonder if finally all the stars are lineing up for BT,when even the competition are having problems

Just a couple of thoughts
The Dollar is strengthening against pound.
This should have an effect on div when converting back to pounds.
Buy back total is in dollars so again means should be slightly more pounds to buyback shares(i assume it’s all British shares being bought from what I have seen,or are some also being bought in USA ?)
Every Little Helps

Proactiveinvestors.co.uk have an idiots guide toLondon stock exchange SETS which kind of explains why buy and sells don’t appear to match (every buy actually does match a sell it’s just a discription error as only one side of each trade is listed

I always wonder how all the green protesters get there .
You would expect massive traffic jams with all the bikes and horses and carts they must use (not denying Climate change just their two faced ness)

5th of Feb 2020 approx 4.50

I think at some point BP will be a share you would not want to not have.
When it finally wakes up it will be a sudden change ,wish I knew when.
Thought it might have been last results that would have moved share and sold my
Reckitt benkiser for £58 a small profit after a 60p move only to see them hit £63 .
My only consolation is a 10% move in BP is very doable and would still mean I kinda got it right (maybe)

Hi Tinker maybe some of the people who bought at £2 would sell part of their holding to de risk and lock in some profit just in case

Mark in my view a lot of shareholders who bought at £2 or thereabouts are locking in profits
Also the green brigade are selling for selling sake including Pension Funds,at some time they will all be finished.
My thought is really tied to oil price if we all think it’s going to stay 80 dollars or more what will BP do with all that money at some time buybacks will go even bigger ,this has to effect share price eventually,I also think eventually div will be increased it’s just when

BP now sold its 2.1 % of AkerBP for NOK 2.39 billion (BP.com reporting value in Norwegian Kronor)