Let’s blow 5K on BP Shares

sabretoothtigger

It was a bank holiday, did you buy the USA BP shares instead

Could be a smart move, I think they were cheaper at some point though that shouldnt happen


BP is at about the 50% level between top and bottom price round about now. They may not recover any more then the amount already seen, at least till a dividend is paid again. With such a big share it takes alot of money to move the price and oil price is roughly going down not up and markets are also heading down in general.
Since its already fallen for other reasons previously I dont think it'll go down in line with everything else to 300 again

funscott

purchased on the thursday but didnt post until the otehr day.

share dip today but picked up at the end of the day.

joeypesci

May buy another £500 worth soon, so that would be 1k invested. May watch to see if they dip more though. Brought first £500 at 391

hodd

cardsharps wrote: »

If this were true then people who are alot cleverer than you (i.e. almost everyone) would be snapping up the shares with great haste. They aren't.

And if the shares are such a good bet then why didn't you buy them when they were only £3 brainbox?

To all those who bought BP shares (including me), you're not as clever as this gentleman, even if your punctuation is OK.

cardsharps, its very important to use apostrophe's correctly.

ninky_2

just an update on bps safety record. pretty damning.

http://www.ft.com/cms/s/e2ac5bb6-c03a-11df-b77d-00144feab49a,Authorised=false.html

All but one of BP’s five North Sea installations inspected in 2009 were cited for failure to comply with emergency regulations on oil spills, raising questions about the company’s ability to manage a disaster in the area.
Offshore inspection records – obtained by the Financial Times under the UK’s Freedom of Information Act – report that BP had not complied with rules on regular training for offshore operators on how to respond to an incident.

bendix

ninky wrote: »

just an update on bps safety record. pretty damning.

http://www.ft.com/cms/s/e2ac5bb6-c03a-11df-b77d-00144feab49a,Authorised=false.html

All but one of BP’s five North Sea installations inspected in 2009 were cited for failure to comply with emergency regulations on oil spills, raising questions about the company’s ability to manage a disaster in the area.
Offshore inspection records – obtained by the Financial Times under the UK’s Freedom of Information Act – report that BP had not complied with rules on regular training for offshore operators on how to respond to an incident.

Good to hear.

If they're not spending money on safety, then that's all the better for profits. I'm in to buy some more shares.

ninky_2

bendix wrote: »

Good to hear.

If they're not spending money on safety, then that's all the better for profits. I'm in to buy some more shares.

until the compensation claims come in. more work and money for the lawyers though, isn't it... so all good in bendix world.:D

bendix

ninky wrote: »

until the compensation claims come in. more work and money for the lawyers though, isn't it... so all good in bendix world.:D

Precisely. I'm going to turn you into a good capitalist one day.

leahciM

hodd wrote: »

cardsharps, its very important to use apostrophe's correctly.

This is a joke, right?

Thrugelmir

ninky wrote: »

until the compensation claims come in. more work and money for the lawyers though, isn't it... so all good in bendix world.:D

The problem for BP is that pre disaster. Around 25% of profit was generated from North American operations. BP is selling off core non US assets to raise the cash it needs. So if Congress impose a 7 year drilling/exploration ban, as has been mooted, on BP. Then the Company will come extreme pressure to maintain profitability and oil reserves.