Bp Share Discussion Threads

[penycae] 23/9/2014 14:22

lady wormer - not been posting much, because there's been a lot going on with the family jools. Up to my neck in various projects, so virtually flat on the markets. Missed a lot of trades which I would otherwise have taken, but as the late aga khan once said, "you can't have everything".
I'll let you know as soon as the monkey puts me onto something good.
Hope you're doing OK.
Spent an hour this morning explaining to Mrs.P that TSCO is just a drop in the ocean....
Trade well and prosper....

[uncle_sam] 22/9/2014 20:32

Reading back, I still see posters here enamored by share buy backs. They should really not be considered good news. Indeed, more the opposite. Investment, either internal or external, is a far better use of capital.

[ladywormer] 22/9/2014 12:15

Peny - another long period of silence from you?

[neilyb675] 19/9/2014 15:04

DIV payment arrived, just waiting for SCRIP purchase to be sorted.

[bracke] 19/9/2014 10:20

7000 was 100 too far.

[prambigear] 18/9/2014 19:41

If the scots say 'No', it WILL be tomorrow.

[bracke] 18/9/2014 16:41

If the Scots say 'NO' it could be tomorrow.

[hellscream] 18/9/2014 16:36

wake me up when the FTSE passes 7000

[bracke] 17/9/2014 10:36

They found another £ billion down the back of the sofa.

[hellscream] 16/9/2014 16:45

Any news on the share buyback? i thought it was $8b total, but over $9b has been bought so far.

[uncle_sam] 16/9/2014 07:17

Sovereign power means doodly squat to a truly global business. It is just another issue to be managed. But then BP hasn't never learned how to do that well.

[hvs] 15/9/2014 09:43

Clueless OXBRIDGE in charge.

And they has a yank and a swede for good measure.

NICE.

DOLE out the cash.

Its going sub 400p.

[zulu001] 13/9/2014 11:41

JIM SILLARS' RANT

BP, in an independent Scotland, will need to learn the meaning of nationalisation, in part or in whole, as it has in other countries who have not been as soft as we have forced to be. If it wants into the ‘monster fields’ in the areas west of Shetland, it will have to learn to bend the knee to a greater power – us, the sovereign people of Scotland. We will be the masters of the oil fields, not BP or any other of the majors. If Bob Dudley thinks this is mere rhetoric, just let him wait. It is sovereign power that counts. We will have it, he will not.

[supermarky] 12/9/2014 20:31

What happened just before 12 noon today? One hell of a spike for a few moments then back down. Wow

[alphorn] 12/9/2014 17:54

...........a company based in a 'foreign' country. They have truly gone mad.
The hate will take a long time to go.

[skinny] 12/9/2014 17:48

Nationalise a company making a profit - how quaint!

[shaws67] 12/9/2014 17:41

A former deputy leader of the SNP has warned "scaremongering" business leaders they face a "day of reckoning" if Scotland votes for independence.

Jim Sillars accused some of "subverting Scotland's democratic process" and called for oil firm BP to be nationalised after independence.

[zulu001] 12/9/2014 16:20

11:40 489.90p 44,814 £219,544 Buy AT

The shares jumped up 4.8 percent to 494.9 pence.

Looks like a fat finger.

[johnmfrancis] 09/9/2014 21:20

yes logically why cut the dividend when today alone they purchased around £30 million of own shares. I think BP is a long term pension share. Maybe in 10 years we will see £10/$15 share depending upon oil price and no more huge disasters. in the meantime I suggest to accumulate and hold for good dividend income. Its entirely possible a blockbuster merger/deal with someone like Exxon may happen in the next few years as well.

I don't really want to see more asset sales unless they are deemed just not profitable enough. I don't know all the rules and regulations but it seems to
me there are plenty of other companies with reasonable share prices and businesses in the oil and service andg as industries BP could look to take over in time. Why not take a stake in Centrica for example ? Again I don't know the rules about this sort of thing.

To me I would prefer BP after a while to look more to do that as a better use of cash rather than continual share buybacks should the opportunities arise of course.

the other thing to bear in mind of course s currently we are around the $100 a barrel mark for oil. Well below highs of a few years ago. The way I look at it if for example we have a few years of low oil prices then we are going to benefit by lower prices at the pumps and lower fule bills. If they progressevily go higher and higher then we benefit by owning companies like BP.

I mentioned before I also own shares in my SIpp in most of the other big oil and utility companies. Eg Shell/Exxon/Chevron/Centrica/Bg/UU/SSE/Marathon/Atwood etc.

Just seems to me to be all ideal long term pension accumulate shares. there will always be market setbacks and opportunities to buy them butI think on a 10 to 20 year view these sould all prove very profitable,

[careful] 09/9/2014 13:30

P.S.The total declared pre tax profit over the last 3 years is $88bn. (£55bn)

That is during these troubled times, having spent billions on clear up costs.
bp. today is valued at £85Bn

[careful] 09/9/2014 13:24

i think we sometimes forget with all of this gulf news, that every day that passes makes BP. cash richer.

Todays share price is very low, even when you consider the profit made over the last three years.
As for the fines, they may turn out to be quite small compared to the cash/profit generated.

[bracke] 09/9/2014 13:18

careful

Your post appears to be totally logical but I'm sure there's a flaw there somewhere.