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We arents going tits up, the medium and long term picture is oil price will rise. It’s being played with on fear right now . Main concern is WT and what happens there as when our tax credits run out this would be my biggest fear as not much akin in the game. Based on this I would want the big man to distribute dividends but then use the rest of any cash to fund overseas investment. I am disappointed in the govt, hope they realise what they are doing sooner rather than later!
Waiting for this statement for so long and as a long term investor did find it a bit disappointing - mainly the net debt position but without seeing things in more detail will just have to wait and see how things fair this year . Hoping OPEC continue to support the oil price . What a shame to announce this on a day where oil down too , traders just playing with this today but hopefully back to normal next week!
When tracking back through time in last 5 years . Only time ops update was not first few days of Feb was due to another announcement being made . Maybe / hopefully holding out to mid Feb to say we are at the 500m debt level . Am I just dreaming this possibility ? Or is it possible in reality ?
Personally I would like to see buybacks before dividends even though would love both of course. The buybacks here in terms of amount versus valuation is going to have a much bigger impact. The ups and downs are driven by low volume so a consistent buying programme will help get the momentum back and get the share price back to where it’s should be. Atleast for 2023. Dividend in 2024.
I have just topped up to . Just wish it was this time next year as when we start buy backs / dividends etc the market won’t be able to keep this down or worst case we get our money back and more from being patient . Very different time to previous recessions! Let’s see!
I’ve not seen it happen at end of day like that before , normally on opening bell after an announcement or piece of news. So I think as someone’s mentioned there was something coming down the pipe late on in the day they got wind of. Hopefully good news!