Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
My problem is he obviously had to cut the dividend when oil went negative during the pandemic but to come back and announce it will only increase a paltry 4% per annum until god knows when while inflation is raging way above that and he has the cheek to tell us BP is a cash machine. Look at Aviva sold over 7 billion worth of assets returning 5 billion to the share holders in the form of a special dividend now look at the price. All we get are share buy backs and please explain how they are working unless you think BP would be £3 without them. And what about Rosneft that is an asset when it is sold is he going to return that capital to the share holders ? If BP is now not an income stock and it fails to increase under these market conditions then tell me what is the point ?
This will not improve until the dividend is reinstated at a higher level than 4% per annum, Looney halved the dividend after he took over and after he sold all his shares. If you are an income investor why would you look at BP it will cost you 3% a year to hold them. Looney needs to up his game fast and stop pandering to the WEAnd start looking after the shareholders
Im struggling to see with oil at $120+ what is actually going to make this stock recover from pre covid levels. I have made more money in gold this last year. So if not the oil price what are we waiting for the world to buy a Tesla ?
Has the third largest Nuclear Arsenal in the world 176 icbm with 1276 warheads. Russia is hardly going to invade are they. Unless you watch the BBC and believe a word they say. This dispute is about the Minsk agreement and Ukraine threatening to join NATO a scheme thought up in the USA which resulted in 250 Abrahams tanks being sold to Poland last week. In effect a massive arms deal . And then are sanctions consisting of what ? How long do you think sanctions will last when Putin turns off Europes gas ? Its a fear trade. If you spend your time investing because of what might happen you will never invest in anything. If you took away the 20% which will never happen oil is trading at 100% mark up of BPs break even and going higher. Then look at the rest of the market the energy sector is a safe haven. If we have a correction i will be topping up
It appears its 4% per annum so it went from 5.25 to 5.46 but now the price has increased the dividend is running at 4.85% which is below the rate of inflation so really the dividend needs to increase more in line with the share price or punters will look for a better return elsewhere. I don’t buy the buyback argument punters buy on the return of investment
Hi, here is something I thought you might find interesting: - https://uk.investing.com/news/stock-market-news/beyond-meat-gains-as-mcdonalds-mcplant-burger-sales-surprise-2571559
It appears after BOE said last week they couldn’t raise rates because of structural reasons whatever that meant they are looking at raising rates
Hi, here is something I thought you might find interesting: - https://uk.investing.com/news/economy/bank-of-england-on-track-for-second-rate-rise-in-under-two-months-2568834