BP - off the hook ? ...and a BUY ?

Lokolo

tradetime wrote: »

That sounds interesting, how do you ensure that?

I don't watch !!!!!! on it

haha I joke. It did crash last week when i plugged in a USB. Crazy thing.

You must get up pretty early to see the markets open everyday.

StevieJ

Bollingbrook wrote: »

On my share dealing service it says BP Dividend Yield is 9.77%. I thought dividend yield was defined as ‘the dividend per share divided by the price per share’, but by this computation on yesterdays closing price I get a figure of 2.2% (last dividend 8.68p per share, and the closing share price yesterday was 391.55p).
If I buy shares through a share dealing service I assume I receive the dividends.
What exactly is dividend yield for BP at current prices?
I know they may, or may not suspend their dividends for now, but longer term is the dividend yield itself a good reason by buy BP now?

BP pay a quarterly divi, you must be basing your calculations on that, as of last night the BP annual yield was 9.77%, at some point this morning it would have breached 10%.

Bollingbrook

It's hard to imagine that the UK Government will let the US kill off BP. But looking on the downside, lets say BP get rescued/taken over, then I assume ordinary shareholders get the takeover price per share? They don't lose everything unless the company is just wound up with no buyer, correct?
In looking at this storm, who stands to be the real winner here - these things don't get overhyped without somone fanning the flames for a reason. Oil futures? Other rival oil companies? Someone buying BP shares on the cheap for a quick buck?

tradetime

Lokolo wrote: »

I don't watch !!!!!! on it

:rotfl::rotfl::rotfl: Hehe, if you use the right software you can watch !!!!!! if you really wanted to relatively risk free.
However the computer that crashed only watches the markets Maybe BP scared it.

Lokolo wrote: »

haha I joke. It did crash last week when i plugged in a USB. Crazy thing.

You must get up pretty early to see the markets open everyday.

I don't really have a set sleep pattern, most days I am up before 06:00 assuming I have been to bed

StevieJ

Bollingbrook wrote: »

It's hard to imagine that the UK Government will let the US kill off BP. But looking on the downside, lets say BP get rescued/taken over, then I assume ordinary shareholders get the takeover price per share? They don't lose everything unless the company is just wound up with no buyer, correct?
In looking at this storm, who stands to be the real winner here - these things don't get overhyped without somone fanning the flames for a reason. Oil futures? Other rival oil companies? Someone buying BP shares on the cheap for a quick buck?

No! just US politicians playing CYA

amcluesent

We now need to know how many Democrats assocated with the White House are shorting BP and lining their pockets based on fore-knowledge of Obama's hysterical rants

Omaba is hugely manipulating the markets, the SEC needs to be asking to whose benefit.

tradetime

Bollingbrook wrote: »

It's hard to imagine that the UK Government will let the US kill off BP.

One would think not, BP is (was) about the sixth largest company in the world. It's income is that of a small country. (I've heard Vietnam mentioned)

Bollingbrook wrote: »

But looking on the downside, lets say BP get rescued/taken over, then I assume ordinary shareholders get the takeover price per share? They don't lose everything unless the company is just wound up with no buyer, correct?

A takeover of BP is unlikely, too many antitrust hurdles, the only people capable of acquiring BP are someone of similar size pre-disaster, such as an Exxon, Royal Dutch Shell, etc. Even they would need to seek finance to do it, and in the current credit environment coupled with the unknown liabilities against BP, that would be unworkable imho.

Bollingbrook wrote: »

In looking at this storm, who stands to be the real winner here - these things don't get overhyped without somone fanning the flames for a reason. Oil futures? Other rival oil companies? Someone buying BP shares on the cheap for a quick buck?

There will be short players, emphasizing and exaggerating negative news, just as long players emphasize and exaggerate positive news for the stocks they own. Then there is always the plethora of financial "experts" analysts, who seem to like to outdo each other in predicting the worst possible outcomes, their agenda may be variable

luvpump

To BP or not to BP ? They are starting to look very cheap indeed !.. worth a punt ? 5k for instance ?

tradetime

Against the drop yesterday of about -15% in US trading, BP is trading +11% in the US pre-market session

Bollingbrook

The stats for BP show 52 Week High: 655.40p 52 Week Low: 272.60p. I assume this low was intra-day, a blip at some point? The closing price chart for the year suggests a low nearer 475p before this incident. Anyone know what this 272p low price is about?