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  #21  
Old 15.06.2010, 18:23
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Re: Good time to buy shares in BP

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anyone know if you can buy BP corporate debt through swissquote?
yes you can
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  #22  
Old 15.06.2010, 18:24
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Re: Good time to buy shares in BP

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yes you can
do you have a link to it? not really used to the interface yet...
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  #23  
Old 15.06.2010, 18:26
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Re: Good time to buy shares in BP

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do you have a link to it? not really used to the interface yet...
No, you can't link. Click "bonds" on the bottom left, then search for BP Plc and order by currency. It's an 8% one expiring end 2050.
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  #24  
Old 15.06.2010, 18:45
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Re: Good time to buy shares in BP

thanks. still unsure about BP. there seems to be massive political risk from obama's anti-brit campaign.
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  #25  
Old 15.06.2010, 19:08
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Re: Good time to buy shares in BP

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thanks. still unsure about BP. there seems to be massive political risk from obama's anti-brit campaign.
Well remember you're never going to get a great deal on a company so big because knowledge about their state is so transparent, they're pretty much going to be priced accordingly. The most likely way you can benefit is if your time horizon is radically different from the market's - that is, usually, if you can wait a very long time for BP to recover.

If you can, I'd buy.
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  #26  
Old 15.06.2010, 19:58
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Re: Good time to buy shares in BP

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Well remember you're never going to get a great deal on a company so big because knowledge about their state is so transparent, they're pretty much going to be priced accordingly. The most likely way you can benefit is if your time horizon is radically different from the market's - that is, usually, if you can wait a very long time for BP to recover.

If you can, I'd buy.
Agree, and I was tempted too, but their US corporate reputation will suffer hugely and their sales may be affected (although retail isn't that important) AND they may become more risk averse than their competitors....

I still think its good value BUT its not risk free
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  #27  
Old 15.06.2010, 20:01
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Re: Good time to buy shares in BP

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Agree, and I was tempted too, but their US corporate reputation will suffer hugely and their sales may be affected (although retail isn't that important) AND they may become more risk averse than their competitors....

I still think its good value BUT its not risk free
Far from being risk free, I'd rate the risk level pretty high for a retail investor and would certainly not commit more than 2% to 3% of your net investable wealth to BP stock.
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  #28  
Old 15.06.2010, 20:13
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Re: Good time to buy shares in BP

Yes, That is the right time to support a company with no leadership acting quick enough to stop this environmental mess !!!!!!

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  #29  
Old 15.06.2010, 20:22
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Re: Good time to buy shares in BP

Dilbert's Scott Adams reckons you should invest in BP and explains why

http://online.wsj.com/article/SB1000...265955016.html
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  #30  
Old 15.06.2010, 20:26
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Re: Good time to buy shares in BP

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Yes, That is the right time to support a company with no leadership acting quick enough to stop this environmental mess !!!!!!

Well we are of course speaking about investment from a purely profit motivated standpoint. Ethical investments are unique to the individual investor, though granted most ethically motivated investors would shy away from any oil company. However I feel BP haven't put much of a step wrong, and until we see evidence that they were negligent we should really assume that this is just part of the natural risk of what they do.
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  #31  
Old 15.06.2010, 20:41
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Re: Good time to buy shares in BP

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However I feel BP haven't put much of a step wrong, and until we see evidence that they were negligent we should really assume that this is just part of the natural risk of what they do.
Early facts seem to suggest that it was the oversight of their operation which was wrong.....lack of safeguards on a project this deep which was signed off by the US Authorities.....could be that Obama thinks that attack is the best form of defence. I don't accept that this risk is unavoidable, but it needs to be enforced by somebody, they won't (and didn't) spend the money to reduce the risk voluntarily.....

So to return to the topic of the thread, if this is true, it supports the view that it could be a good time to buy as a long term investment
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  #32  
Old 16.06.2010, 00:29
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Re: Good time to buy shares in BP

for me the only question is how much will they have to pay for this disaster. they've already spent 1.5bn. estimates range between 5bn and 40bn.

while there is some political risk, i'm discounting it - i don't believe the US (even brit-hating obama) would do something stupid.

some argue that there is a risk of bankruptcy for BP - i'm not quite sure how their argument pans out.

anyway, i've been wanting to get exposure to oil and now looks like a chance to do so on the cheap (but with additional risk). on balance, i think the risks have been factored into the price more than enough.

i expect price will reach new low by friday, which is probably when my swissquote account will be funded
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  #33  
Old 16.06.2010, 00:51
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Re: Good time to buy shares in BP

well, i dont think bp is near bankrupcy at all. they have such an huge cash flow, which is not really affected by this crisis (at least for now, because untill they have to pay, years will be gone). what will suffer is the dividend, but i think thats already priced in right now.

the other option, that someone could buy em is in my option not really realistic, especially if you take into account, that many british pension funds are invested.

option could be that you start building up your investment over the next few weeks in a few trades, because i think the next few weeks will be quite important, not only for bp, but for the market in general.
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  #34  
Old 16.06.2010, 21:15
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Re: Good time to buy shares in BP

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for me the only question is how much will they have to pay for this disaster.
Depends on whether the relief wells work. That's the big unknown out there in terms of what it'll eventually cost 'em. But as others have said, it won't all have to paid at once. Even if they have to reserve $5bn a year for however long it takes to cover their eventual liabilities, they can manage that and professional investors will be able to factor that into their earnings models. Leaving aside the sabre rattling and rhetoric, I don't think anybody is going to try and bankrupt BP. It's in nobody's interests. BP is a big employer in the US and 40% of it's shareholders are American.
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  #35  
Old 16.06.2010, 22:04
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Re: Good time to buy shares in BP

If you were all to include current market (price) quotes when making predictions or giving advice, it would make this thread more interesting to read in the future. With the benefit of hindsight, it will be possible to see who was wrong and who was right.

Last edited by Midas; 16.06.2010 at 22:36.
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  #36  
Old 17.06.2010, 11:05
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Re: Good time to buy shares in BP

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If you were all to include current market (price) quotes when making predictions or giving advice, it would make this thread more interesting to read in the future. With the benefit of hindsight, it will be possible to see who was wrong and who was right.
historical share prices are readily available.

account still not set up yet

share price gapped up by 7% this morning.
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  #37  
Old 17.06.2010, 11:30
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Re: Good time to buy shares in BP

I would be buying PetroChina Shares, not listed on FTSE though but HKSE and NASDAQ, probably NYSE too.

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  #38  
Old 18.06.2010, 11:51
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Re: Good time to buy shares in BP

you snooze, you lose. account still not funded. missed out on a 10% gain
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  #39  
Old 18.06.2010, 12:25
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Re: Good time to buy shares in BP

account funded and shares bought. a bit annoyed that i missed the 10% gain, but there you go - serves me right for not having a trading account set-up.
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Old 18.06.2010, 12:26
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Re: Good time to buy shares in BP

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you snooze, you lose. account still not funded. missed out on a 10% gain
For short run its good, you can make money. I just hope you are not investing for the long term?

You sure BP can survive this? Share price does not reflect the the true feeling of the market, as BP is involved in certain practices to maintain the share price and liquidity in the market.
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