Let’s blow 5K on BP Shares

hodd

Tom_Pickering wrote: »

£3.80 today, so down over £270 for £6k

A bit less than that (although not much). I bought at 395.

Let's see in six months to a year, shall we?

sabretoothtigger

Volatility and volume spike at turning points so Soros says. Unfortunately just when its most uncertain is the greatest opportunity it seems

381 is a reasonable level, it went below that but apparently its stayed within its gravity

I decided BHP was nicer looking

Tom_Pickering

sabretoothtigger wrote: »

I decided BHP was nicer looking

Wonder what will happen to BHP if it keeps upping it's hostile offer for Potash :eek:

funscott

well Im another fool / genius who will be dabbling in BP shares £3 - 5k). Hoping they keep under 4.00 for the next couple of days while my cheque clears with H-L. looking to invest for 12 - 18 months. maybe 24 months if theres good profit. my theory is the following

the bad news is out. we all know theres going to be compensation but BP are big enough to survive so the share price shouldnt drop much more.

oil spill hasnt been as bad as it could have been.

americans will forget about this when the next big thing happens.

obama isnt going to be in power forever.

BP will not get chucked out of america (think what they were like when their pertol went up in price a little). Im sure BP could upset america.

people will look back in 18 months and think ohh why didnt I jump in at 4.00 when all the bad news was out they are now worth 5.50 - 6.00.

Ps i have no problem in buying shares in non ethical companies. we all do in one way or another (pensions etc) also as others have stated BP do spend alot of money in clean energy to

sabretoothtigger

Anyone who uses petrol in their car is non ethical, clawing some of the money back by owning the shares makes little difference. If anything you can vote against any dodgy ventures they have possibly, green groups recently bought bp and shell for these reasons though I think they probably sold right after the agm

BP has had the bad news but more is possible. Criminal charges for negligence or corporate manslaughter even would quadruple their costs and suspend their rights on federally leased land I believe. Dont talk yourself into thinking its a one way bet, all the same I do think they are fairly cheap but its for a reason

Tom_Pickering wrote: »

Wonder what will happen to BHP if it keeps upping it's hostile offer for Potash :eek:

It will cost them more but the wider picture is potash is not highly valued right now. The pot company is protesting the take over for good reason, the value will probably rise later should food production increases be required.
The bonus to america is its such a massive area of viable farming land. South Asia apparently does not have this excess and certainly not in proportion to its population
If the bid price went up too much then it would fail I guess which might cause a quicker rebound in the BHP shares. Plus this is a long term support level for BHP share price where as BP has broken all its regular valuations

BHP is an oil company also, I had been interested in POT shares previously anyway so buying bhp who are buying pot works

Thrugelmir

funscott wrote: »

the bad news is out. we all know theres going to be compensation but BP are big enough to survive so the share price shouldnt drop much more.

oil spill hasnt been as bad as it could have been.

americans will forget about this when the next big thing happens.


BP will not get chucked out of america (think what they were like when their pertol went up in price a little). Im sure BP could upset america.

BP are selling assets and have raised loan facilities to meet the known and yet undecided potential liabilities. The fines that are going to be imposed on BP are as yet unquantified.

As bad as what. Because it hasn't been washed up on the beaches? So hasn't made the news.

A ban on exploration in US waters will hit BP in the pocket. As BP is as much valued on oil reserves as annual profit.

BP are looking at selling up their US retail petrol operation. They control around 25% of the market. So no doubt the natives are reeking their vengance by purchasing elsewhere.

funscott

people are lazy and will go to the same pertol stations etc. they are also good at forgetting things once the news stops hyping.

joeypesci

Didn't that documentary on BBC 2 with that ex-broker guy that was teaching those group of people how to deal on the stock market say something like "There is no emotion in shares. If you think about emotions you'll never make money off shares".

Anyway. I'm new to all this but saw BP as a winner. So brought £500 worth (was gonna go for £1k but didn't want to risk it) at 391. They went up to about 435 but with costs if I'd sold I would of lost money. So holding on. They have gone down to 377 today, but not worried, I have the certificate in my draw. Will hold onto it for a while.

I was reading that don't the US own a mass amount of BP shares so it's part US owned. Now got a new US chief exec. And as someone also said, they won't go bust as it's not in the best interest of the US if BP go bust. If they go bust, no one gets any compensation money. Also, read another article where they defended the US government not cracking down hard on BP when the spill happened. Because what is bullying them going to achieve. BP were the only ones that were going to mop up the spill, bullying them and making them bankrupt would of left the US tax payer having to foot the bill for the clean up costs.

I see them rising again, not for a long long time but eventually. Maybe these are ones to just file away and leave for several years.

funscott

done the deed and bought in at 380. fingers crossed 18 monhs from now

ses6jwg

I hold a small amount from £3.01. May buy some more if weakness cointinues