Obviously BP shares are taking a drubbing at the moment. But in a month or two, once the oil leak is plugged one way or another, and they've paid their penalties etc, the leak will be just a bad memory and they can start returning to profit. Anyone planning a punt with BP shares? Now might be a good time.
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When will it be time to pile into BP shares?
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I haven't yet as I have a fair exposure already indirectly through income unit trusts in my SIPP. However, they must be close to a bargain soon. They could even be a takeover target soon, they could be bought and broken up between the other oil majors.Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k. -
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BP made c £60 billion profit last year. IIRC, costs are not expected to rise above £25B.
So, it'll be a bad year, but still in profit."See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."Comment
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Originally posted by Moscow Mule View PostBP made c £60 billion profit last year. IIRC, costs are not expected to rise above £25B.
So, it'll be a bad year, but still in profit.Comment
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Originally posted by OwlHoot View PostObviously BP shares are taking a drubbing at the moment. But in a month or two, once the oil leak is plugged one way or another, and they've paid their penalties etc, the leak will be just a bad memory and they can start returning to profit. Anyone planning a punt with BP shares? Now might be a good time.Comment
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I went back into cash today and sold 80% of holdings I had.
They've been waxing and waning for the last month. So i've been break even to 5k down. Came back to break even today, so sold out.
I fancy BP. But I think it's going to go sub £3.What happens in General, stays in General.You know what they say about assumptions!Comment
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Stop press: A fire has broken out on a BP ship and more oil is spilling into Obama's coffers!
Hmm, strange, this is old news (2:49pm) here, but was breaking news on Channel 4 News just now. Another fire?Comment
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Originally posted by MarillionFanThere is no way that BP is going to drift in terms of share price. If the US passes any legislation, the share price wil fall rapidly and the dividend stopped for a while.
This will easily become one of the best buys/take overs on the market. But! and the But is, how far will it collapse and what will the additional political fall out be???
You could have 3.40 the other day and sold out at 3.90 on the same afternoon. Now we are back to the 3.40 mark!!!Comment
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Another things is that BP is going to have to do things by the expensive book for a bit. Apparently they'd been cutting safety corners left right and centre. Oops.Comment
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