This is my first time investing and I don't know too much about it. I'm looking to buy into Bp as it's pretty likely they will recover to what they were before the spill. I figure learning on the job is worthwhile.
I'm thinking of investing £3000 in them, as they have dipped a little since last week.
My thoughts are they are coming back from the spill and it's all almost cleared up now which will cause them to go up.
The dividend is coming back, also up.
Chevron is investing in the gulf - maybe down?
Am I on the right track?
First time Invest Watch
- Thread Starter
- 26-12-2010 15:58
- 26-12-2010 16:51
OK - just a quick point - it's not likely that BP will return to their 650p high for a LONG time, if ever. The argument of saying 'yeah, the SP will go back to what it was before!!' is false hope. If you truly believed that, then you'd invest in Lloyds who are currently in the 60p range, and who were previously in the 400p area!! I personally think you've missed the boat on BP; if you wanted to see a good gain - the 300 - 420p mark was a good time to get in. Look elsewhere for gains IMO.
EDIT: I'm not saying that I don't think BP will go up in the future, I'm basically saying don't expect them to go up to 650p for ages. In other words, better returns to be found elsewhere.Last edited by stanmoor; 26-12-2010 at 16:57.
- 26-12-2010 16:56
I find your post highly ironic considering you were trying to give me advice on shares the other day.