Trading the stockmarket (NO Referrals)

BP looking about 40% undervalued now comparing market cap with net assets. Times of toil can lead to bargains, anyone having a pop?
 
Yep we could see sub £3, however is getting in even at sub £3 really a safe bet? I'm in several companys at the moment who should double my money if not more, is BP's share price really going to double anytime soon, especially if they pack up and stop drilling in the US?

Personally i think BP is a far bigger risk (short and long term) than many smaller oilys, the returns could be much less, the media and political pressure is far greater.

With a smaller oily you avoid all the media heat, get more shares for your money and if you pick a good one the returns could be far greater than BP.

*just my view on the situation as it stands.
 
Firestar_3x said:
Yep we could see sub £3, however is getting in even at sub £3 really a safe bet? I'm in several companys at the moment who should double my money if not more, is BP's share price really going to double anytime soon, especially if they pack up and stop drilling in the US?
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The US need BP, they are the biggest producer in the GoM.

The US don't want land drilling, they want it away from people in the Deepwater - hence 'Drill baby Drill' 3 months ago.
 
anticonscience said:
Time to invest in BP?
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A good time for a gamble on BP, perhaps. But remember that the US public is in an angry mood over a whole variety of issues and this BP thing might be a very useful political lightning rod to distract attention from all sorts of issues in the build up to the important Senate elections later in the year.

At the very least the American legal system is likely to tie BP up in knots for several years. They can smell a cash cow a mile off, and BP generates a lot of cash. So the question we, as teeny weeny investors, always have to ask is... what do we know that all the big investment houses, with their teams of dedicated analysts who do this 24/7, don't?

Don't get me wrong, as a peak (supply) oiler I'm dying to get back into oil & gas related assets as a long term investment. And if I'd bought in the March 2009 lows I would probably be hanging on. But getting into BP now seems risky unless you have the earning power to shrug off and replace losses.

My problem is that I'm a low earner but a great saver (ie boring as hell), and that combination makes me overly cautious. So for me there may never be a "right time" to get back in. However if I had £2k spare every month instead of £400 I might be inclined to do the sensible thing and drip feed money in in 1k chunks, buying on the dips and doing the cost averaging thing over a period of months. I wouldn't be buying just BP though. The idea would be to hedge by buying competitors as well, so that if BP gets stuffed, the competition should benefit.

So, er... I think that's a no. Or a qualified yes. As with the markets themselves, pick your own interpretation. ;-)

Andrew McP
 
I bought in way too early. But I'll be waiting for another drop to below 350 to buy more and bring my average price down a bit. Then I will be happy to sit on them for however long it takes.
 
365 matches the falling price since 2006. The lowest price over several years would correlate with about this pricing right now.

BP had been doing far better previously to break this trend but obviously has switched to its worst performance in years
 
Over Clocker said:
I use iii.co.uk

Used to use HSBC when I started out, but moved to iii recently.
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Thanks for that.

Am I right in saying its £10 per deal (so £10 to buy, £20 to sell). Are these the only fees that apply? i.e; over a certain amount do they increase (seen a few sites state this).

Also do you know what Transfers Out means, its got an additional £10 stated there.

Thank you.

also share price best for live prices?
 
Gangster said:
Thanks for that.

Am I right in saying its £10 per deal (so £10 to buy, £20 to sell). Are these the only fees that apply? i.e; over a certain amount do they increase (seen a few sites state this).

Also do you know what Transfers Out means, its got an additional £10 stated there.

Thank you.

also share price best for live prices?
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I load my portfolio in www.shareprice.co.uk. If you register with them, it is real time.
 
Is a bit of a shame actually, as I was going buy a lot more RRL yesterday, but thought I would wait a bit!!

Still, if I can buy at around 4.75 it could still be worth a bit of a punt??!
 
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