SP10 Jun 2020 23:56
I will be the first to admit that I am a virgin on these BB’s but I have to admit that I don’t have read some ****e on them.
If you are worried about holding stock in BP sell it, then go and buy some Legal and General Shares. I have owned shares in BP for 30 years, I remember the days after Horizon when the shares dropped over 50%, (which we are still paying for now) and BP still paid the dividend 3 quarters later.
This is a great company, there isn’t a company who is more loyal to their shareholders than BP, paying out a 10% dividend with a strong to desire to keep paying because it is in their DNA. Since Horizon, this is a lean mean machine with a BOD second to none. Downstream upstream they cover all bases and by the end of next year we will break even at 35$ a barrel. We have a 20% stake in a Russian company who can drill oil cheaper then anybody In the world who are also good buddies with the Chinese. In the old days we bought shares for dividends and never looked at them from one year to the next. This is the oil industry it is up and down which is why historically investors are well rewarded.
Get your hands on BP stock, forget about it and it will Serve you well my friends.
The price of oil will go up it is the law.
BP: Bloody Perfect.