Member Info for nightyard

Sp is holding onto gains very well so far for the day.

Things are looking great for coming months.

315p is short sighted. This exact same pattern happened at last ex div date. It bounced around 250p for ages then ex div and up to 326p

Now we're even closer to seeing massive increase in oil demand. 350p seems reasonable

things like this make me wonder what the trading range will be in a few weeks: https://www.theguardian.com/travel/2021/may/03/uk-travel-industry-says-holidays-abroad-will-be-back-this-summer

just bought 52k euro of shares. A promising sign.

I reckon oil will surpass 80 USD in the short term.

It looks like they'll be a decent holiday season and planes will be filling the skies once more. £££££££££££££

show me the money Jerry!

yeah, it's easy to play a trading range whilst you're waiting for it to break out to a higher level (350p for BP in my case) but when I've done this in the past, I've made a few £k then missed the boat entirely as the SP moves on without me. It's happened twice recently and it's annoying! I suppose I cannot complain as I've made some decent money so far and someone has to be really lucky to time the highs and lows right.

Difficult game, trying to play the peaks and troughs.

Ive made some ok money doing that but ive missed out on a few breakouts. Id have made more just sitting on them

We're in May

Maybe we're closing to breaking out of this trading range. There was excellent momentum on the ADR and so far BP LSE has held up well.

ECR minerals

Most of AIM is a huge racket.

Also, aren't bp buying $500m in shares each quarter now? Thats 2b a year

however, if we see abnormally high shorting, BP's buybacks will just allow them to accumulate a larger short position without pushing the price down before they're ready.

It's small when you look at earnings per share but £500m shares being purchased each quarter reduces shares that people are looking to sell by more than 0.8%. Not every holder is looking to sell, especially at these low prices. Maybe 5% of holders are looking to sell below 330p. so BP's buybacks will effectively deal with 16% of those looking to sell below 330p, which will help push the share price up.

It looks like BP is buying ~8m shares back per day.
20 days at that rate will be ~£500m at current SP

Do you want us to eat your dinner for you too?

You just post a buy order at the desirsd price and allow partial fill

Hard up Income investors can just sell a few shares which will have increased in value instead of taking the div.

I retract the idiots part.

How much of a dividend increase would anyone realistically be happy with if BP did increase? 10% increase? 50%? 100%?
You idiots do realise that the share price falls by whatever dividend is paid out, right?