BP (BP.) has announced third quarter results emphasising “net debt fell for the tenth successive quarter; we are investing with discipline; and we are delivering on our commitment to shareholder distributions - announcing a further $2.5 billion share buyback”. So what of a now slightly further higher 486.45p share price?
Hello Share Folks. May I alleviate some of your guilt if you’re interested in the big oil companies but fear their impact on the planet. They are trying hard to minimise the black stuff and move more into green energy. More evidence of this comes this week from America.
Hello Share Loaders. Are you worried about electricity and gas bills this winter? No, I thought not. You’re a private trader. So you have enough dosh to find an extra £2,000 without noticing it. But as folks with the surplus cash needed to buy and sell stock, we have a moral responsibility to help those who struggle against Mr Rising Price.
BP (BP.) has announced second quarter and half-year results including a second quarter attributable profit of $9.26 billion and 10% increased dividend per share to $0.06006 and outlook confidence with ongoing supply disruptions in the industry and a relative lack of inventories.
Hello Share Mongers. This old punter is in the throes of a nightmare house move at the mo, so without my usual research resources, it might be useful to review the few shares I hold at the mo. Believing as I do that any share rally is still a few months away, I suppose the stocks I still hold indicates that I have real enthusiasm for them. So let's see what they are.
Hello Share People. Though I’ve gone largely to cash, fearing a recession, I still have a toe hold in some companies. A few of those are in the oil game, because it’s hard to see how they might fail given prevailing circumstances. It’s this old punter’s view that big oilers are still undervalued. Let’s look at the evidence.
Hello Share Mates. This week I’ve reviewed Shell (SHEL) and Tullow (TLW) in the oil game. Today let’s take a gander at another likely contender to continue growing its share price: the mighty BP (BP.).