Bad BP Week5 Feb 2021 18:12
Guys, this has been a terrible week for BP no doubt. However i am of a positive disposition. This is a great opportunity (i never thought would arise again) to but this share at a silly low price. Myself & a few others here bought into this during the Oct lows, 188-200 levels. At that time OP was around $40; no vaccine; lockdowns blah, blah. Everything looked horrendous! So, why buy it then? i bought this because it is a Global Blue Chip Organisation with an A grade investment rating from all credit agencies. At those levels it gave me an 8% yield opposed to 0.000001% for the bank. If offered a huge upside. I could have sold mid January at 311 ( a 60% capital gain) i didn't because my initial target has always been minimum of 350 before i may sell a few. Even @350 this share is under valued. For those of you in a state of panic or concern, have no fear. Thiis share will creep back up very soon. The results weren't that bad & they're soon forgotten about in my experience. Stay patient & don't sell at these prices as that will just end in tears. Have faith & be patient, this is a temporary setback!