All shares took a bashing today and oil and banking seem to have taken the brunt of it !! Oil price has dipped again but natural gas is up over 4% BP are heavily involved in natural gas so some good news . The current SP is a steel and if it drops again I will be topping up oil will not always be a low and where else can you get 8% on your cash along with growth potential. I have seen it all before games being played by the big boys hoping to shake the tree and acquire cheap shares. BP are a global and dare I say world leader in oil and gas exploration and no way should the SP have tanked and been oversold . I saw the same when Barclays dropped to below £0.50 everyone was panicking but they moved back up to over £3.00 but are once again falling , same with BP when the rig went up SP crashed and it was all doom and gloom but SP went back up . And again we see SP crash but what goes up comes down and what comes down goes up was it ever thus ? Stay calm and believe in BP I am convinced the SP will go up on its own or if a bid comes in from one of the big boys . Best Of Luck To All Investors Keep Smilling
Hi BH I don't know about the SIPP but would presume you could choose to have Divi in cash or opt for Divi reinvestment. There is usually a nominal fee for reinvestment and you have the benefit of more shares the next time the divi comes round. Check with your provider, with mine I have to "tick a box" on the account page of the website. FD
Unless you have registered for the Scrip Dividend Programme to receive new shares in lieu of cash then you will get cash added to your account. You will need to check the t&c's with your provider to see how they treat dividends, and if they will allow you to elect for the Scrip for future dividends. ATB.
The current SP must look very attractive to Exon who must be in the market for aquavit ions after She'll taking over BG It's the only way to maintain market share and reduce overheads , would the goverment allow it to happen in current climate I think they would , interesting times ahead and in my humble opinion oil is only going in one direction from here and that's North . The forthcoming meeting will I presume bring about a cut back in production as the race to the bottom is wrecking economies. Best of luck to all investors Keep Smilling
Hang tough guys - the American shalers are beginning to drop like 9 pins - 40 down last week! as opposed to an average of ten per week previously. Lets hope for a good run up to the divi - Dow will be down however I think this week (hopefully for the last time) so may be a bit choppy. Come on you contrarian hedge fund managers - they apparently started to realise they are massively underbought on commodities on Thursday gone. GLA
Reading on different boards one mentioned the RDS takeover of BG and went on to imply that Exon were also in the market for Aquasitions and mergers could BP be a target for Exon ? It makes sense for both companies as it would drastically reduce costs as well as improving market share !! The next few months could be interesting Best of luck to all investors Keep Smilling
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