Guys, I've held this share for over 10 years. When the price went from £6 to £3 - I doubled the Bet. I'm not concerned about the Gulf & our Yank chums - it's in the price, IMO. I left because of Political Risk, same reason I dumped Centamin when it was a pound. We have become Putin's Pawn. Osbourne's warning to the City has been followed by a 'Munich', Moment with an agreement ensuring 'Peace In Our Time'. The good Ship BP may get badly damaged by the Sea.,IMO. It's always a Double Bet.
I am staying with BP at the moment but I do not blame Opium for being cautious. Latest analysis on this stock is very divided with the repercussions of the Gulf disaster likely to hang over this company for many years to come. On the plus side cash flow and dividend growth should increase year on year. I advice anyone before investing in BP to do plenty of research before making a decision.
Washington Post On Tuesday night, BP said that the “active cleanup” of the Gulf of Mexico oil spill had been brought “to a close.” Later Tuesday night, the Coast Guard said the response to the spill isn’t over yet, “not by a long shot.”
I believe that the current stock price has already got the 'American Litigation' matter factored in, and I really do not see any major downside for BP in Russia. As a 20% stakeholder in one of Russia's prime assets (Rosneft) they will not do anything to harm that enterprise. In my opinion that stock looks really cheap at the price
The market will hold it diown because of A. russian investment and B. American litigation. In my opinion its at its maximum now and unlikely to break through £6.00 this year unless therecios a significant and encouraging event to release the two brakes holding it back
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