Oil prices are project to keep falling into the summer. This is the complete opposite of normal. There are better oil companies to buy rather than BP. You'd be better served buying a smaller companies stock after doing your DD.
You say oil prices are project to keep falling. I wonder who makes such project? If BP, which has been unfailry punished by oil spill, goes up I make money, if not I make an easy 5% from dividend which will only go up. Either way I win.
Oil will soar this summer and market will correct 200-300 pts in a given day I would not though buy SMDD for at least a week or so $50? Which we will see all week Unemployment #'s Thurs.should be excellent
Oil going up has been my premise for a while now. Lately I've gotten hammered but hoping to pay off later this year. Holding big on TOT and PBR now. Wouldn't mind getting extremely rich off these trades. Hoping for oil at $150 still (somehow).