Member Info for PeterH1

If/when interest rates drop I can’t see it doing anything but rise…

That’s nonsense Zaco! You only turned up here again recently as the share price dropped. I was surprised others couldn’t see through your nonsense a while ago but I’m sure they will now!

You’re like a little kid.

Invstrat… it’s clear buybacks have done one thing and that’s reduce shares in issue by a huge amount over the last few years! So they’re not all being given back to employees!

If you think the share price would be the same if we put all those shares back on the market then you’re only lying to yourself and giving false information to others! Just because the share has dropped it doesn’t mean they've not helped still. Your thinking is shortsighted and emotional.

I like how everytime the price dips we get the same old rubbish about buybacks!

Our share has dropped quite a big amount compared to Shell since Looney left, I certainly wasn’t sad about him leaving but it’s not helped due to market uncertainty.

As for the rubbish I’ve read about Meoryou…just wow! Hes very polite and respectful to others and is certainly an asset to this chat.

BATS were just saying there should be stricter regulations and some of the cheaper makes should be banned but not ours! Haha

I was quite happy when I read about it this morning :)

John Magafuli died from heart disease! And people uptick your post?

He suffered from heart issues for years!

Our media liked to link Covid with his death after the comments he made! And people like you fall for it!

Dec 20 = 260

Dec 21 = 340

Dec 22 = 480

Dec 23 = ***

Sorry folks but I think too many on here get emotional over the swings during the year!

Anyone would think this share has been 1 step forward 2 backwards looking at the comments where’s in reality it’s the reverse!

Sure we could drop again but we could also rise to 650 quite easily given the circumstances now. Who knows…

Talking about historical prices is also irrelevant on BP and Shell as we’ve bought back a big percentage of shares! We have a long way to go still I feel. The only thing you should compare is historical market caps.

Either way good luck :)

Hi Tinker, buybacks won’t give much stability on oil stocks but they will help the share by the specific % bought back that year. It may not always look like it as the share will always have ups and downs but if you buyback 7% of shares in a year I guarantee the share will be 7% better off for it. That could still be down for the year or 20% up…

I’m guessing you like an income from stocks through divis so the answer to me is pretty simple. Just sell the % of shares we bought back that year. And this average looking BP divi will suddenly be paying you far more! You won’t get growth but you’ll get income.

The divi is slowly increasing too and I expect will match the buyback % so you won’t lose out on the loss of shares you have.

This will demonstrate on paper the power of buybacks at the scale we’re currently doing!

I’m happy to hold for a long time as all I see is huge growth despite the ups and downs during the year . The Saudis have made it clear they want oil around $80 which will pay us very well

I expected a little increase tonight but not 7% in a few minutes! Yikes

Nice one, enjoy the drink Jam :).
It was like that on here before results day! There was a few saying, ‘the market knows it’s bad news’… ‘people will have leaked we didn’t hit expectations’… etc
On IG there was 32% Short on BP before results day which gives you an idea of just how many want a company to drop in price!
I always keep away from price predications but at the moment I still can’t see anything other than positive long term. Every quarter is going to be like Christmas Day.

Haha Meoryou!
I’ve been waiting for a 5 year update from Zaco. I may be waiting awhile….

Also shares in issue: Q4 2021 - 19.64 bn
Q4 2022 - 17.97 bn

So they’re not all going to BP staff like a few were saying on here lol :) That’s a substantial reduction!

Congrats to all who are still here! It’s a shame about y-11 but we did warn him about trading for a 1% gain and missing out on the big prize! Maybe they can persuade looney to sell for 180p who knows…

As long as we’re continuing this huge buyback programme(like we’ve never done before on this scale) the divi will slowly increase and the share price will continue to rise.
I think people need to forget historical prices or price targets, there’s not really much can go wrong when you’re buying back on this scale.

When you look at the chart now over the last 5 years it almost looks like a vertical line recovery but if you were to believe this chat at times it’s 1 step forward 2 backwards… I’m sure they’ll be dips as there is with all shares and they’re the time to add more not panic :)

Y-11… I have followed your posts for entertainment!

You last sold out at 455 or 460 and made 1% on that trade. That’s what you told us all!

The tricky part for you is when do you buy next…

Zaco…in 2-3 years time will you keep using your 5 year time frame for BP to compare? Or will you then change it to a specific year to put your negative agenda across.

You’re still here though with your shares despite you saying you would sell all at a far cheaper price not that long ago! Says it all really, it’s not a bad share to be in right now :)

Y11-shx

You seem to be talking to yourself and bragging a lot recently…
So you bought in at 455 and sold at 465 odd? You made a few % minus the trading cost. Of course making 1% is easy! Lol
The hard part is missing out on the 10-20% climb after you’ve sold out! I’m not saying that will happen again here but it’s happened for the last two years!
Continually I’ve read from these ‘trading experts’ when they sold at 270….330….370…400….450 etc that it will drop again only for them all to miss out on the big gains and never appear on this chat again!
Don’t be one of these fools to join the trading graveyard on the BP chat! It’s quite a BIG list…

Anyway big thanks to meoryou and co, I always keep a check on the chat and enjoy your posts! Nice to see many sticking to the basic fundamentals and enjoying the rise over the last few years. For me holding has been a no brainier for the last few years. The best days are still ahead with big buybacks, decreasing dept and huge profits!
Have a good Christmas :)

I don’t think roofer said it had anything to do with ex divi… just saying when pay day is!
This is solely down to Goldmans downgrade today to neutral. A total joke but I’m sure a few in the know made some money out of it…

Retirement… with BPs huge buybacks currently going on we’re getting more than just ‘a crap divi’ as you put it. That in my opinion is a very short sighted view. I can’t see anything other than growth at the moment! I know people look at the monthly up & downs and crap themselves but it’s not hard to see the trajectory is it?

Many of us were lucky enough to buy BP cheap(myself sub 200) but I don’t brick myself when looking at a profit :)
Well done on Aviva but I read fairly recently a few sold BP into other apparent ‘safer bets’ and are well, well down!
With an Energy crisis an Energy company looks a good place for an investment currently!

If the growth continues which for me it inevitably will do with the huge buyback programme why would you sell out to get 3-4% in a bond which effectively means you’re losing money. BP & Shell are supplying energy for our future, this won’t change!
Also the divi will increase as these buybacks mount up so it’s a win win! I read from a few over the last two years the divi will not increase but they’ve gone quiet recently. It was there in the RNS all along, the 4% increase was only based on $60 oil.

Great results today, nice divi hike which hasn’t pleased many it seems lol.
I’m over moon with how the company is doing, i love the buybacks as they make total sense at the moment! At this rate future divi increases will inevitably happen as the shares dilute at a serious pace!
If you really want that extra 3% divi sell 3% of shares it’s pretty simple! The growth from the buybacks will make up for it :)

Bumble the current share buyback programme is on another level to what we have seen in the last 15 years. The new issues pale insignificance to the shares bought back.
Q2 2021 we had 20.2 - Q1 2022 we had 19.4

Q2 will see a big drop too and I expect it will accelerate.

If anyone wants another 3% divi a year just sell 3% of your shares! The growth will more than make up for it with this buyback programme(another way of doing things if you want to see returns in your hand)

Anything above $60 oil and we’ll continue to do this. We’re more likely to see 160 than 60 at the moment..

Indeed anything can happen meoryou but the way it was put sounds like it’s guaranteed! You may as well flip a coin at the moment when looking short term.

I feel pretty comfortable with things here and I don’t pay much attention to weekly movements. I’d love it if the divi was increased to please a few of the long term holders but for me buybacks/dept reduction just make more sense at the moment. As long as the divi is increased by the amount they save on paying out for the shares they bought back all is good :)