UK 18:16 Friday, 23 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: Financial Investigative Media Limited, which is not owned by Tom Winnifrith but by a trust for his dependants, owns shares in companies mentioned in this article. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I have won £5 from Shipston's Buffett for tracking down a long lost cousin to whom he has not spoken in 50 years. That is my main achievment today. I shall comment on InternetQ (INTQ) and MX Oil (MXO) elsewhere. I start with a look at BP (BP.) and explain why we have bought the shares today. Then I look at Corero (CNS) in detail and at Condor Gold (CNR), Nighthawk (HAWK), Petroceltic (PCI), Mosman (MSMN) and Aureus (AUE) before a detailed look at the dog Blur (BLUR).
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Comments
David Williams
Breakeven for BP is $60 per barrel. They still have huge liabilities from the Gulf of Mexico (something in the order of $50-60 billion – can’t be bothered to look it up). CEO states they may increase borrowings from 20% to 30%. Clearly the dividend isn’t sustainable but you can see why they might want to support the share price in the short term. Not for me!
Tom Winnifrith
David
Underlying profit for Q4 was $196m at $44 oil – see results statement so it does nt need $60 oil to breakeven
gearing at dec 31 was 21.6% and the RNS gives a clear comittment and explains how it will be maintained at around the 20% level which really is not high.
Not sure where your numbers are from,mine are from the RNS
http://www.investegate.co.uk/bp-plc—bp—/rns/bp-reports-fy-4q-2015-results—dividend-unchanged/201602020700087428N/
T