]BP[/url]
Full Version: BP
I think BP offers good value at the mo. And I can see it being a lot higher in a few years. But the trend is definitely down. What do people think of this chart?
]BP[/url]
]BP[/url]
This is an interesting one. The chart pattern is clearly down, but a number of indicators are suggesting that this is oversold. One I like, the money flow index looks to be in an upward trend (albeit a shaky one), which may indicate this is about to turn.
Sitting at a year low, I would need to have a look at the fundamentals to see if there is any particular reason why it is sinking, but this is one to keep an eye on if your outlook is more long term.
Sitting at a year low, I would need to have a look at the fundamentals to see if there is any particular reason why it is sinking, but this is one to keep an eye on if your outlook is more long term.
from this chart , i think it might fall a bit lower: perhaps 525p
QUOTE(DrBubb @ Sep 22 2006, 02:04 AM) 
from this chart , i think it might fall a bit lower: perhaps 525p
And it seems to want to head there, down another 5 at 574 today.
I'm tempted to start a position in BP. However, 450p seems like an important support level on the chart. If it breaks 450p I could see it dropping below 420p.
Any chartists out there with an opinion on this stock?
Any chartists out there with an opinion on this stock?
QUOTE (sideshow @ Feb 23 2009, 03:37 PM)
I'm tempted to start a position in BP. However, 450p seems like an important support level on the chart. If it breaks 450p I could see it dropping below 420p.
Any chartists out there with an opinion on this stock?
Any chartists out there with an opinion on this stock?
Just started off the nippers CTF with an investment in BP at 455. Looks to me like the volume is quite low so should hold 450 this time round however on a LT weekly chart the recent rebound from 350 to 550 looks suspiscioulsy like a retracement of a "once trod path", not one for the buy and hold maybe.
QUOTE (chazza @ Feb 23 2009, 07:58 PM)
Just started off the nippers CTF with an investment in BP at 455. Looks to me like the volume is quite low so should hold 450 this time round however on a LT weekly chart the recent rebound from 350 to 550 looks suspiscioulsy like a retracement of a "once trod path", not one for the buy and hold maybe.
Famous last words. Broken 450 today. I think the indices could make their final low this week, so potentially could see BP pushed towards the bottom of the trading range.
Very tempted to buy in at these levels. As I thought, the break of 450p resulted in sharp slide.
We're now close to the 52 week low. 400p looks like a decent entry point going back to 2003. Maybe 350p is the lowest it's likely to go?
We're now close to the 52 week low. 400p looks like a decent entry point going back to 2003. Maybe 350p is the lowest it's likely to go?
QUOTE (sideshow @ Mar 3 2009, 03:49 PM)
Maybe 350p is the lowest it's likely to go?
A good chance IMO
Bought some more today, along with some shell
If they fall much more, I'll get some more
If they fall much more, I'll get some more
QUOTE (John Doe @ Mar 3 2009, 05:23 PM)
Bought some more today, along with some shell
If they fall much more, I'll get some more
Off loaded my shell for a nice little gain.If they fall much more, I'll get some more
Will keep the BP for a while though (just recieved my first div from the previous lot I bought, nice).
This thread seems a bit out of date.
Anyone got opinions on the future direction of BP.
I don't have ANY shares and thought I would like to make my FIRST trade in something related to oil hence BP.
I am not in the position to trade daily so am looking for buy and hold options.
All opinions and links appreciated in the interests of doing my own research.
Anyone got opinions on the future direction of BP.
I don't have ANY shares and thought I would like to make my FIRST trade in something related to oil hence BP.
I am not in the position to trade daily so am looking for buy and hold options.
All opinions and links appreciated in the interests of doing my own research.
QUOTE (headmelter @ Mar 29 2009, 07:34 PM)
This thread seems a bit out of date.
Anyone got opinions on the future direction of BP.
I don't have ANY shares and thought I would like to make my FIRST trade in something related to oil hence BP.
I am not in the position to trade daily so am looking for buy and hold options.
All opinions and links appreciated in the interests of doing my own research.
Anyone got opinions on the future direction of BP.
I don't have ANY shares and thought I would like to make my FIRST trade in something related to oil hence BP.
I am not in the position to trade daily so am looking for buy and hold options.
All opinions and links appreciated in the interests of doing my own research.
I have also been thinking about buying shares in oil, mining and the chinese stock market. But not just yet.
I could be completely wrong about this but I feel we could see another big leg down in all stock markets in perhaps a good few months time. I imagine this will be a good time to buy very cheaply.
That is my optimistic view. My pessimistic one is that we will see continued wealth destruction for a decade.
My one year old has decided to hold his for the next month or so/'til this intermediate rally tops and then chuck them out.
Target 550.....
Target 550.....
QUOTE (chazza @ Mar 29 2009, 08:17 PM)
My one year old has decided to hold his for the next month or so/'til this intermediate rally tops and then chuck them out.
Target 550.....
Target 550.....
That's impressive. He/she should be running a bank, couldn't do any worse.
I personally think that referring to a stock or derivative as cheap has little meaning <for me personally>.
I don't believe BP is cheap, since this stock spent from '88 to '95 ranging around $20, so that's where the long term support lies...........
I prefer to wait for a change in trend, and March has demonstrated this, with some volume.
Along with that, we need to look at the fundamentals and though demand is clearly down; even if oil gets cheaper, a long term position on BP will return some value since oil will start to move up.... the question is 'when' and to what levels.
So, I'm long BP but don't have an emotional attachment
MunsterK
I don't believe BP is cheap, since this stock spent from '88 to '95 ranging around $20, so that's where the long term support lies...........
I prefer to wait for a change in trend, and March has demonstrated this, with some volume.
Along with that, we need to look at the fundamentals and though demand is clearly down; even if oil gets cheaper, a long term position on BP will return some value since oil will start to move up.... the question is 'when' and to what levels.
So, I'm long BP but don't have an emotional attachment
MunsterK
I offloaded mine for a 10% gain yesterday. Happy with that for now as I whacked a good bunch in.
QUOTE (MunsterK @ Mar 31 2009, 10:48 PM)
I personally think that referring to a stock or derivative as cheap has little meaning <for me personally>.
I don't believe BP is cheap, since this stock spent from '88 to '95 ranging around $20, so that's where the long term support lies...........
I prefer to wait for a change in trend, and March has demonstrated this, with some volume.
Along with that, we need to look at the fundamentals and though demand is clearly down; even if oil gets cheaper, a long term position on BP will return some value since oil will start to move up.... the question is 'when' and to what levels.
So, I'm long BP but don't have an emotional attachment
MunsterK
I don't believe BP is cheap, since this stock spent from '88 to '95 ranging around $20, so that's where the long term support lies...........
I prefer to wait for a change in trend, and March has demonstrated this, with some volume.
Along with that, we need to look at the fundamentals and though demand is clearly down; even if oil gets cheaper, a long term position on BP will return some value since oil will start to move up.... the question is 'when' and to what levels.
So, I'm long BP but don't have an emotional attachment
MunsterK
Well someone I know says that a cheap stock can always get cheaper.
Im recently new in the stock market, and have decided to invest in Atkins(WS) and BP.
My reasoning behind BP, was the fact that until Oil runs out in the world or the mass production of Renewable transport, everyone in the world will need oil.
This should mean that oil prices go up, however at this current time Oil prices are going down. I was wondering whether or not anybody thinks that Oil price can go up enough to make my investment worth while, and maybe when I should let go of my shares in BP (Currently at 451p- bought at 445).
My reasoning behind BP, was the fact that until Oil runs out in the world or the mass production of Renewable transport, everyone in the world will need oil.
This should mean that oil prices go up, however at this current time Oil prices are going down. I was wondering whether or not anybody thinks that Oil price can go up enough to make my investment worth while, and maybe when I should let go of my shares in BP (Currently at 451p- bought at 445).
BP, borrowing to make the dividend payment?
QUOTE
At the current price, the shares are yielding just under 8pc, which is very impressive. The company is borrowing to make the payment, with gearing rising to 23pc from 19pc at the same stage last year.
Of course if oil prices fall further the company could breach the top of its target gearing range of 30pc next year to make the payment. However, Questor believes that the group's business will be sufficiently cash generative to deal with any further borrowing if this happens. In 2009, BP expects cash inflows and outflows would be in balance at an oil price of $60 a barrel.
=====================
BP's major attraction is its dividend and, for this great yield, shares in BP are a buy, despite the subdued oil price.
http://www.telegraph.co.uk/finance/markets...t--yet-....html
Of course if oil prices fall further the company could breach the top of its target gearing range of 30pc next year to make the payment. However, Questor believes that the group's business will be sufficiently cash generative to deal with any further borrowing if this happens. In 2009, BP expects cash inflows and outflows would be in balance at an oil price of $60 a barrel.
=====================
BP's major attraction is its dividend and, for this great yield, shares in BP are a buy, despite the subdued oil price.
http://www.telegraph.co.uk/finance/markets...t--yet-....html
Anyone looking at Anglo American? looks cheap, nice move today
QUOTE (deeper @ Apr 29 2009, 03:29 PM)
Anyone looking at Anglo American? looks cheap, nice move today
http://www.greenenergyinvestors.com/index....=2609&st=80
QUOTE (No6 @ Apr 29 2009, 02:47 PM)
BP, borrowing to make the dividend payment?
Yep, didnt realise this til after I bought my holding. Going to switch into Total I think..
I'm wondering about BP at the moment. The share price looks attractive, but it would appear that the oil stocks have fallen perhaps as a warning that the price of oil itself is pulling back, the shares could go lower? It's in a bit of a downtrend and I'm now looking for around 450p - maybe?
QUOTE
11 June 2009
"Oh, you want an oil price prediction? We don't do predictions," was BP chief economist Christof Ruehl's response to one question at the launch of BP's annual Statistical Review of World Energy yesterday - but then he near-enough made one anyway. As oil broke through $70 the same day, Mr Ruehl warned that people expecting prices to remain solid at current levels had 'reason to be worried'.
http://www.investorschronicle.co.uk/Market...re-too-high.jsp
"Oh, you want an oil price prediction? We don't do predictions," was BP chief economist Christof Ruehl's response to one question at the launch of BP's annual Statistical Review of World Energy yesterday - but then he near-enough made one anyway. As oil broke through $70 the same day, Mr Ruehl warned that people expecting prices to remain solid at current levels had 'reason to be worried'.
http://www.investorschronicle.co.uk/Market...re-too-high.jsp
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