Bp Share Discussion Threads

[spacecake] 26/5/2021 13:51

It's not BP thats out of favour, it's the entire oil industry.

[aleman] 26/5/2021 13:26

If analysts estimated BP could afford to buy back $2bn to $2.5bn worth of shares at $60 oil, how much can they afford to buy back at $65 to $70? I'm guessing $3-4bn. Call it a bit less than $1bn per quarter?

[cocopah] 26/5/2021 12:53

Hi Marktime1231, I heard that report too, hopefully he might even try and do it in Q4 2021. The share price is devoid of direction and I would rather be rewarded (as a long-term holder) with higher dividends. It’s easily affordable and probably more conducive to supporting a higher share price. There is plenty of margin between BPs breakeven price on a barrel of oil and the current price (let alone the price in the next few months). Perhaps they will also try and bring the debt down even more?🤷‍;♂️8077;🏻

[marktime1231] 26/5/2021 11:29

In which case cocopah maybe Looney has got the medium term strategy right, buyback now with spare cash while the share price is at a big discount, start to develop the dividend in a couple of years time when value has been concentrated? The long term strategy to greener energy while persuading the world to appreciate the need for gas in the transition sounds right to me too. BP starting to look a safe place to be invested?

Yield under 5% might look pedestrian in the meantime, but if the share price appreciates at 10-20% a year and if there is a chance of a restored 6% yield to come well ... in two minds, I was put off by the rumour of a dividend freeze until 2025, but that recent report of Looney talking about possibilities for a progressive dividend later in 2022 (if oil and gas prices hold up) is encouraging.

Either way BP is too cheap to be selling down under 350-360p. The benefits of debt reduction, strong prices and buybacks will feed through, and if the yield falls away to 4% pressure from all quarters on Looney to progress the payment will grow.

[optomistic] 26/5/2021 08:21

hellscream, not just China going its own way!
Looking at BP it's now starting to trade like a penny share and I can't see it changing a lot until Loony is replaced.

[hellscream] 26/5/2021 05:38

the world trying to turn green overnight (while china do what they want)is what is killing this share.. its now uninvestable.

[cocopah] 25/5/2021 22:33

Keep saying it but unless the dividend is increased I can’t see the share price increasing by as much as the share buybacks are intending it to. Maybe it’s this market or maybe it’s the long run outlook for oil.🤷‍♂️

[pander45] 25/5/2021 22:27

It's just out of favour, I'm accumulating.

[babybear] 25/5/2021 19:21

Absolutely no day trader but getting bored with oil, roughly same range as when I got BP/Shell last year- crude in the meantime up anything between 60% and 100%.Something badly wrong ?

[dragonfoot] 25/5/2021 17:19

Will this share ever see £4 again?

[nissan300] 24/5/2021 18:32

Fairly new, to this board (BP)

I have a holding in these but what is likely to happen in the future regarding the buybacks / predictions / important dates etc

[notbitcoin] 24/5/2021 18:10

You be silly to short this .with buy back going for a long time.

[planit2] 24/5/2021 15:25

They ae mopping up shares under that price but it is spending less and less time under 310p.

They set the parameters perfectly but if the price of oil stays where it is they might need to increase to 315p or 320p etc.

They have to buy those shares as there are more buyback programs planned after (60%+ of FCF).

[richvandam] 24/5/2021 13:16

Looks like about halfway through the share buyback given the amount bought. Got until 30th June to clear 500million. Interesting only the purchases occur lower than 310, which isn’t a bad thing but indicates the share price won’t go beyond 310 until after the buyback is completed?

[johnwise] 24/5/2021 08:46

The Tory Global Warming Scam Update:


How many analysts do Legal & General Investment Management employ to study or examine something in detail, in order to discover more about it: ?


It has emerged that Legal & General Investment Management (LGIM), one of the oldest fund managers in the City of London, was among investors behind a significant shareholder vote against Shell’s climate transition targets at the company’s annual meeting on Tuesday.


The evidence global warming isn't happening..

Video: The truth about global warming


VIDEO: A Dearth of Carbon Dr. Patrick Moore


VIDEO: Bill Gates Slams Unreliable Wind and Solar Energy


VIDEO: European Parliament Told 'There is No Climate Emergency!'


Global warming a total “hoax and scam” run by corrupt scientists, warns Greenpeace co-founder


Exposed: How world leaders were duped into investing billions over manipulated global warming data

[johnwise] 24/5/2021 08:46

The Tory Global Warming Scam Update:


How many analysts do Legal & General Investment Management employ to study or examine something in detail, in order to discover more about it: ?


It has emerged that Legal & General Investment Management (LGIM), one of the oldest fund managers in the City of London, was among investors behind a significant shareholder vote against Shell’s climate transition targets at the company’s annual meeting on Tuesday.


The evidence global warming isn't happening..

Video: The truth about global warming


VIDEO: A Dearth of Carbon Dr. Patrick Moore


VIDEO: Bill Gates Slams Unreliable Wind and Solar Energy


VIDEO: European Parliament Told 'There is No Climate Emergency!'


Global warming a total “hoax and scam” run by corrupt scientists, warns Greenpeace co-founder


Exposed: How world leaders were duped into investing billions over manipulated global warming data

[aleman] 24/5/2021 07:58

Here's your best indicator for UK. Click on pdf at top right. Scroll down to data tables at bottom. Last item of section 1 is sales from retailers of automotive fuel. 2018 average was 100.0. March was 83.9 and April 92.8. (Last year's low was April at 40.5.) Looking at traffic jams around where I live, I'd be surprised if this month will be less than 100 and I'd guess summer holidays will see new highs with all the staycations.

[gwatson56] 23/5/2021 17:13

see that things are headed in the right direction.

[beergut] 23/5/2021 08:48

SpielAfter 9/11 the earths temperature went up due to the lack of planes in the air. It turned out that the thousands of planes in the air at any one moment reflected a lot of sunlight back up into the atmosphere.

[cassini] 21/5/2021 22:16

4spiel,

There may be some effect on sun intensity from the lack of air travel in the last year. I'm not aware of any studies on the matter, but that doesn't mean there aren't any.

You just have to look up up on a clear day and see the absence of contrail clouds (compared with before) to realise how prevalent they were before COVID.

I would imagine the lack of air travel has had a measurable effect on sun intensity, although of course it is generally concentrated over densely populated land areas and may not be as important as we might suppose from a glance up at the skies from somewhere like the UK or Europe.

[spacecake] 21/5/2021 20:58

Yes, like pollution in the air caused by but not exclusively by the combustion of fossil fuels.

Anyway, you all know the change is happening, you all know it's in slow motion in our timescales and you all know the root cause. We, as adults might not be impacted as much as the next generation but this also has been no secret, we just ignore it and really hope that we can get through it and continue to collect the dividend.

Why would the major investors or board of directors stick their necks out to speak out, take a position, or even worse do something about their own self inflicted global disaster when the global politicians look the other way ?

[4spiel] 21/5/2021 19:19

Cassini. Good post But in UK coldest April since1922 and May may not be much different! So figuresof 0.5% like inflation figures this last winter many people in many UK locations would laugh!,bSun penetration depends actually on many things including anything that obscures it like pollution in the air Not much ever safe to predict.

[4spiel] 21/5/2021 19:19

Cassini. Good post But in UK coldest April since1922 and May may not be much different! So figuresof 0.5% like inflation figures this last winter many people in many UK locations would laugh! Sun penetration dependstmany things including anything that obscures it like pollution in the air Not much ever safe to predict.

[cassini] 21/5/2021 17:43

The sun's output is very stable. It only very slowly varies a few watts from its average 1300W/sq.m. strength at Earth's orbit, nothing you could sense.

If it feels hot if and when the sun comes out remember it's mid-May - the sun is very high in the sky at midday. June 21st is mid-summer's day when the sun is highest but it's not much higher than now. Saying that, it's probably 11 or 12 degrees, raining and windy where I am right now...

As for arctic ice extent, it's falling this time of year as we approach northern hemisphere summer. It doesn't follow a smooth annual curve as it's affected by weather systems. About the best to be said about it is that it currently isn't falling as fast as usual for the time of year.

COVID emission reductions can't have made a difference as CO2 has continued to rise during 2020/21:

hxxps://gml.noaa.gov/ccgg/covid2.html

Sea ice extent is charted on the nsidc website:

hxxp://nsidc.org/arcticseaicenews/

The latest UAH global temperature measurement (for April) shows a temperature anomaly of -0.05C - that is, the average global temperature in April was 0.05C below the long term average for the last 20 years, so nothing to look at there...