Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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.
“Pray tell how it’s going to get to £10”
If energy prices (gas and oil) stay where they are at the moment by next October there is a good chance that this share could be £10.
It really should be in the low £4’s right now, and looks like it should be £5+ at the end of Q4 .
Of course, a lot of it won’t be pumped. BP don’t want a lot of it. BP really only want 5-10 years’ worth to be pumped. They are quite diversified.
A Green transition from coal can’t happen unless there is a massive investment in gas. This can’t happen unless the equity of the O&G companies goes up.
"Target up from 310 to 425"
@363 ?
well, they obviously have a history of being right.
Actually, maybe they had some before, but either way there should be a good feeling right now at BP.
Norges bank just invested £2.1B
BP is in the best shape it has been in post GOM
I dont understand why people think £5 by Christmas is that strange. No-one has any idea as to the timming of the upward move, which will come based on cash generation. I think it is a 50% chance, its not like it hasnt been there before !
This is also a reminder not to sh*t on the energy sector in the process of a green transition
Its nice if the tide is with you vs against you.
1. Oil and Gas at these levels on the 12th of October.
2. Interest rates rising.
3. High inflation environment.
Got to be feeling positive about this share.
Right now this should be just over £4, but by the end of Q4 this should be over £5.50