HYPTUSS showing forecast cover of 5.3, and forecast PE of 3.8.
Implies a massive lump of earnings coming along. What do people reckon they are going to do with it?
Renewed capex in hydrocarbons? Debt paydown? Returns to shareholders? Investment in renewables?
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BP
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TUK020
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OLTB
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Re: BP
Thanks TUK020
I also see from SharePad that the forecast (to 31/12/2022) free cash flow will go from 10,332 to 22,800 and net borrowing down from 43,846 to 26,626 (figures in millions).
I hope they choose better words to use than the time B Looney's 'cash machine' remarks that were jumped on by the politician's to help towards the pressure of the windfall tax.
What will they do - maybe a bit of all the above?
Cheers, OLTB.
I also see from SharePad that the forecast (to 31/12/2022) free cash flow will go from 10,332 to 22,800 and net borrowing down from 43,846 to 26,626 (figures in millions).
I hope they choose better words to use than the time B Looney's 'cash machine' remarks that were jumped on by the politician's to help towards the pressure of the windfall tax.
What will they do - maybe a bit of all the above?
Cheers, OLTB.
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