any thoughts on the fundamentals would be appreciated
thanks
the chart has not bottomed out as yet..imho
thanks
the chart has not bottomed out as yet..imho
Cost of clean-up operation $1 bn so far. Once the leak is stopped BP will face compensation claims and maybe fines from US gov.any thoughts on the fundamentals would be appreciated
thanks
the chart has not bottomed out as yet..imho
sound advice...BP........ should I go long.. ??
Very simple.
Do you want to receive about 7% in divs?
Yes please.
Is there div under threat?
I dont think so.
Could you do worse?
Absolutely.
Worth a small punt now to get the ball rolling?
Yeah.
Worst case scenario?
You double your holding at 3 quid something.
Best case scenario?
You find out in 3 months time that Warren was slowly sucking up stock under 5 quid.
Lots of discussion re this on the web, Hayward has come out and categorically stated that the divi will be paid. IMHO we have (as a global village) reached peak on the mining sector/oil and a few others I could mention, peak in as much as the cost of extraction will perhaps not equal the previous returns. Mining has enjoyed a bubble since 2008 which has been absurd quite frankly. Look how this oil/tar/sand boom in Canada is struggling to really materialise...can bp cut the dividend.??.they will have to pay compensation.cutting the div is the easy option..imho
does that sound right..??
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