With good earnings and a 5% dividend this will only get better as oil prices rebound from new lows set recently. I wonder what will happen to oil when a new war and bombing begins in Iran? This BP stocks will make even more earnings very fast.
Simply amazing. Another copy cat using my previous user's name except with two 88 instead of 8888?
With the economy in Europe in such a slump and with election coming up on this November, do you really believe oil price will go up?
I have liquidated all my OIL positions already. There are a lot better oil stocks than BP. I got burned time and time with BP.
Sider's KOG will be even better. The only OIL should be held for LT will be CVX, TOT, COP, RDS.B, in that order....Right now is not the best time to hold OIL for LT, oil price will drop more if things get worse in Europe. There would be a lot of good OIL to be cherry picked....
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.