Member Info for Neil74

Am I correct in saying Looney cut the dividend by 50% to buy back shares then gives them away to the employees?

It does not matter if oil hits $200 a barrel, the share price ain't moving until Looney doubles the divi and starts rewarding the investors.

Bank's don't like dept been repaid so price drops

For me Looney needs to keep pumping and off set it against green energy to make us carbon neutral.
As for lowering the dept the banks don't like it and the share price drops when we lower the dept.

Throne games,
26 June 2017 oil was $46 and the dividend was double what it is today

I'm a long term holder with a average price of £4.60 due to reinvesting dividend and some purchases.
The share price ain't going above £5 until they double the dividend , 8% precovid level and oil at $45 a barrel , which looks like after 2025.

Thanks for the replies as I'm sitting in a van all day and was wondering if anything serious had happened.
Looking better now and hope the US pushes us up this afternoon.
Regards
Neil

Why the drop this morning?

Hope we smash 3.30 this week

Mr Loopy said 5% divi and buy backs on the understanding of $55 pb.
Even after selling of parts of the company I hope he increses the divi for us long time holders with an average price of over £4

BP (NYSE: BP) is in advanced talks to sell its 28% stake in a North Sea oil field.

I just noticed that on Monday BP bought 5,767,624 shares and today bought another 12,873,000

I'm a long time holder and will be in my lifetime but my average is 480p so I'm only getting 3% at best.
We've sold loads of assets off and transforming into a renewable energy company which I think won't pay huge amounts.
Look at the SP last time oil was
$70.
OK, plans and cruise ships are off but China and the US are using more oil than before covid.
That's my I want Looney gone because if I wanted to invest in a green energy company I wouldn't have bought BP.

The SP ain't moving up until the dividend increases by 50%