Member Info for Nightpusher

I wondered what had given the share price an unexpectedly gloomy start right from the get-go.Certainly wasnt a poor Brent and gas prices.

Hawkeye's Friday club was the kiss of death for Genel from which it still has not recovered.This is the second attempt to get it going on this board.I am staying well clear but good luck to everyone else.

Questor: BP’s bargain share price is too enticing to ignore.

Hope Questor is right just this once,normally his picks are best avoided

Probably correct there Y11,it would follow the pattern of the last 2 years.

Recent downgrades to £4.95 seem pretty accurate though unacceptable to many posters on here.It is certainly a bitter pill for me who was expecting to exit ,first around 5.79 then 5.35 and now I will take 4.95.Absolutely no momentum behind this stock which is certainly not in the big six,Conoco has come from way back to steal that crown already without its takeover of Marathon even in the equation.

Sad really but they did seem to have recovered from the onerous debacle of Macondo to flourish under Bob Dudley especially with the purchase of BHP assets in Permian basin but thats all history now.

Sorry ex div announcement

UK dividends calendar - next 7 days

HBR ex divi next week,I really dont think so.Thought it was Sept 5th but have I missed something

This board would have died a long time ago,if we all had the same opinion.

Totally correct,just look at the Shell board,no posts and the reason is that we are all happy,me especially as I sold down half my position earlier in this tax year at 35% profit and see no problem in getting rid of the other half in the next 9 months.Large capital gains tax bill does not dampen my joy, though tax rate will probably be 20% next year but all remaining shell stock in an ISA.

Plenty other stocks paying a higher dividend

Scooby you are correct there,had been planning to cash in £40k of my BP and move to BHP but was waiting for Q2 results thinking they might give the share a boost.Wrong again.Fortunately I hold a lot of Shell which has done so much better.Have to note that the mega rampers are very quiet today.

But confused to how we still struggle to mantain a £5 share price.

Weird Pal.

Our biggest hope to drive this share price up into 2025 is probably our gas production which may well be 50% of the company's output as oil equivalent.While oil has been nosediving ,the price of natural gas has been increasing.

The demand for electricity is reckoned to jump by 20% in the not too distant future and gas powered power stations would seem to be the easiest way to build capacity quickly as Nuclear does seem to be in a hole with minimum 15 year lag time.Certainly going to be interesting next few quarters for us long suffering shareholders.

Because I'm a shareholder and it's a discussion board, not a "good vibes only" echo chamber.

Fog you are not alone on this board at all,I am exceedingly negative about BP's performance since Bob Dudley stood down and am also highly critical of the appointment of Murray and buybacks as well.I keep lowering my exit price every 3 months and do wonder if I can start to unload at £5.25 down from an expected £6 a few months ago.Been a decent sized shareholder for 14 years and used to reinvest every dividend but been moving dividend money to HBR for awhile now.

Anybody heard anything about this drill?….

NSD,known you a long time on different boards with different names and have always found your oilfield terminology unusual,its a well they are drilling not a drill.

I am still with our Kurd friends and on paper have lost a lot of money more so with loss of dividend than pipeline closure but hopeful to break even in next 18 months if pipeline opens and they win at arbitration.

like you I am a serious investor in HBR and generally divert all divis in my portfolio to topping up HBR if price is under £3.30 which is basically all the time but that may later on this year.

Good luck with your investments.

Yes and then a little later I sold some BP shares at MY all time best price of £6.48.

Lucky devil as it was about that time that I bought my first 2 tranches of BP,£25K each,dont like to look at the contract notes but I did top up as it plummeted down to somewhere in the region of £2.93 in later weeks.

my view on how you would describe our dividend yield in per cent is to point out that as the share price goes lower the yield goes up and has a tendency to make people quote that it is a good dividend,but if the share could maintain last 2 highs the divi yield would be lower so best to look at the actual dividend paid per annum in pence and then check how much it was 5 years ago and one might come to the conclusion that it is a poor dividend now especially if you take into account recent inflationary pressures.Just my opinion and yes I would get out but cannot find a suitable stock to buy into save my old company SLB which does have that look that it is capable of growing 25% in the next 18 months.

I expect the next 24 months will be delivery of high expectations and rewards for shareholders.

Mark you write very well informed and insightful posts but i believe you are going to be very disappointed.

Just a view of of a 75 year old former OIM in the oil business(contracting) who has held BP for more than 15 years and has pre Macondo contract notes where my purchases exceeded £6.

Todays performance was dire and it is a relief that I started accumulating Shell when I felt BP were underperforming so that I always have a ready made barometer for on the spot comparison.

Why I am I still here,well I keep dropping my sell price,was £6,Then 5.70 then around 5.50,now I would take £5.25 and move the funds into BHP.

Will be interested to see if the slide today was halted by company buybacks,I sincerely hope not.That would be sheer desperation

Soutanglie,

Bob Dudley did such a fine job over 10 years,was actuality disappointed when he got the nod after Hayward fell on his sword but I soon changed my mind.

You say CONOC (COP)could launch a bid for BP. There smaller than BP,Unquote

60 seconds research reveals BP market cap in dollars as $108.2B and Conoco at $143.16B.

COP is significantly larger and certainly much better run.

Either COP has come on leaps and bounds with seriously good acquisitions and management or BP has allowed itself to slip off the big league table through dire management or is it both.

The US market has learnt a big lesson from Oxy’s Acquistion of ANDARKO in 2019. It destroyed them.

Warren Buffet would probably disagree with you but you are correct that initially OXY did struggle with the acquisition of Anardarko as the overpaid by outbidding other competitors but that is water under the bridge now.

Certainly taking over a company that has a larger market cap than yourself is not that unusual and the mood of BP shareholders is such that there might not be that high level of opposition to a takeover.Conoco would be most interested in BP's assets in Gulf of Mexico and Permian basin.They got an absolute bargain from Shell when the bought their Permian assets and Bp's acquisition of BHP assets there was also an absolute snip.Other assets can be sold off to reduce debt.US traders like all share deals as there is no capital gains tax to pay on those sort of deals and at least 50% of BP equity is held over the pond

BP is not going to be acquired guaranteed .Unquote. We shall see on that one,absolutely nothing guaranteed in the oil business,learnt that from 35 years in the oil patch.

No one has the dosh to acquire BP which have to be north of £100bn.

Fancy Conoco might test the waters with a bid which would show how far BP have fallen in the big stakes but is it actually value for money.It is cheaper to increase your reserves by buying rather than exploration by a long while.Thats what BP always did

The windfall tax is a bugbear that the likes of Exxon don't have.

Robinha your statement does not bear up to scrutiny.Bp pays UK windfall taxes only on its UK profits,so does Exxon Mobil and any other international oil company that operates profitably in UK oil and gas sector.

ExxonMobil has an interest in around 40 producing offshore oil and gas fields in the North Sea. Many of these fields are operated by Shell U.K. Exploration and Production as part of a joint operation.

Shell still up today just like yesterday but everyone seems to focus solely on price of oil but gas price has tanked recently,almost negative in Texas just now but not sure of absolute figure but I did read awhile back that 48% of BP production is actually oil equivalent which is gas and condensate so its a massive downer to be taken into consideration.

How they convert gas volume to barrels of oil equivalent I have no idea

Just not the weather it’s raining

Not raining in Snettisham,sun is out

Could not agree more.

Meoryou,

Good to be in agreement for once,I am indeed very negative but thats because I have been long in this share for 14 years,reinvested all dividends except last six months and my total share count only goes into profit at £4.63,notwithstanding all the extra shares I have picked which naturally gives me a paper profit.At the same time I am 35% up with Shell at book cost.Hardly reasons to be cheerful.Just topped up on HBR which look like they could be headed to £3.60 with my BP and Shell divis from this week.Will let HBR stabilise and may start to sell down my BP as early as next week and into HBR but at 75 my prefered choice is to exit and go fixed interest.

I wonder if Lund has approached Linda Cookfrom HBR ,she really has pulled Premier and Chryassor up.She is ex Shell so probably not interested in doing the same withh BP.All said and done I consider BP a weak buy but thats because I am an optimist