BP shares

claire21

Whats your feeling regarding BP shares at the moment?

cheerfulcat

Hi, claire,

Not sure what the position is now regarding talk of specific shares on MSE; it used to get squashed fairly quickly by the mods but we'll see what happens...I hold BP as part of an income portfolio and would probably buy more if I wasn't already heavily invested in oil elsewhere. I think that recent falls were overdone and that it is good value at the current price. FWIW.

Have a look at the BP board on TMF ( LINK ); you might get more informed comment there than on MSE.

Mr_Mumble

I've been watching BP closely too, don't profess to know much but will pass on my thoughts.

The stock looks ridiculously undervalued if $60 a barrel oil is here to stay. BP is riskier than your average oil megacorp given its concentration on exploration and production so Shell is a safer play and historically is valued as such (i.e. lower).

I was hoping 510p would stick until the new ISA season so I could take a nibble. Of course, you can't time the very bottom of a stocks price but the only reason BP is up 5% in the last week is because the oil price has jumped on Iranian sabre-rattling, no change in BP's fundamentals.

Concerns over TNK-BP, the US business and BP post-Browne still linger but a lot of this is priced into the stock price and makes it a potential bargain. I'm utterly undecided!

jackthelad_2

I bought these at 519p inc dealing costs last week: :j I also bought reuters at 720psometime ago:mad: So DYOR

claire21

Bought 7500 @ £4.25 a few years back.