George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
Buybacks are a wiser use of cash, dividends only work if they are sustainable, which in this case a higher dividend would not be.
And now that COP26 is over and Boris and friends have saved the world and are flying back home in the private jets, things should be going up.
It seems that Greta has flown back home.
Just about everything on the list increases demand for oil, gas and energy.
they did retire $6b in short term offset by changes in working capital.
Cash might be the issue.
When when looney said it was a "cash machine" was he speaking about shell ? Because higher cash/cashflow does not appear obviouse in their results
Really they are very well positioned as a green O&G company.
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.