Member Info for UpDownFlat

BP is involved in carbon trading, so they have a good headstart. That's why they have been pushing for a carbon tax.

Hopefully gas, carbon tax and hydrogen are the big winners from COP26. These would benefit BP.

TinkerT,
my thoughts are that net debt reduction is most important. I am hoping BP can be around $29B at the end of this year. After that buyback (below a certain price say £4.50) offer cumulative better value for investors. Then comes capex O&G and then green. and finally, dividend increases.

Watch part of it last night.
It seemed to go really well for the oil companies.

Yes, I can't figure out why they are here either. If they don't have a short interest, maybe they just don't have lives. There are a lot of isolated people due to the pandemic who have mental health issues.

$6.19, does make you feel positive.

If you are not short, and you don’t believe this share is going to do very well, I have life changing advice for you. “Go somewhere else.” Where you believe the share will do well.

Trust me that’s the way to go, it will save you years of heartache.

So if you are not short, are you long or just a nasty troll ?

Well annalisa,

a dividend increase is not going to happen so you should either sell (and move on hopefully), or sell short if that is your conviction.

I find lots of people on this board so dis honest.
“No really, I am long but ….
the share has topped, sell sell sell…
but I do hope the price goes up”

I have much more respect for someone who is openly short and backs their statements up with some sort of reason.

One more thing I hate is the “the long goodbye”. I am going to sell, goodbye, I am selling see you later, I am just about to sell bye bye. I have my finger on the button. I promise I will.

The share price doesn’t have to move specifically on these two days, most often it moves when it is least expected.
What is important though, is locking high gas prices for the penultimate month of the year. It will mean that the full year is a very predictable “outstanding”

So, the last time it had a "completely bonkers" move of that magnitude was last year around this time. RR had one a few weeks ago. And of course, several analysts are also certifiable.
Maybe you don’t agree with his prediction but nobody really knows what the price will be.

I think what Stockready1 said is perfectly feasible. It’s gone up £1 in nine months & results keep getting better. Perfectly possible if you do the maths on earnings.

Yesterday, BP reached 2% of the shares bought back YTD.

Neither the world’s largest energy consumer (China) nor the world’s largest energy producer (Russia) is at COP26, hopefully they can get Elton John.

I think we can expect at Q3 (for the quarter),

$2B share buyback
$1B dividend payment as per usual
$1.5B - $2B net debt reduction (Strengthening of the balance sheet as Murray calls it)

and a trailing 12-month PE of 7 at the current price.

For Q4 we should add another $2B on top of something, with a trailing PE of 5 at the current price.

I think they will do a $2.5B share buyback in Q4. Since these shares are still way below their value, it makes sense to do it while they can.

what does Annalisa get as an allowance ?

Well Annalisa, if you say so.

He said "tell me how", so I told him how.

It's not my prediction, but it is possible. It is not the median projection, but a high end one.