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Started By
Message
Let's talk about BP
Posted on 11/3/14 at 5:33 pm
Posted on 11/3/14 at 5:33 pm
The numbers make it seem like a very attractive buy. Plus there is the Amazing dividedend with history. What are reasons that this stock at $40 today isn't a buy and hold long term, reinvesting the dividends, or at least building another position with the dividends?
7
Posted on 11/3/14 at 5:49 pm to TigerTatorTots
Maybe you've heard of the Deepwater Horizon incident?
There is a ton of uncertainty regarding what the final settlement payment will be, plus the fines and penalties.
Now, there is money that can be made in uncertainty, but I certainly don't think it's a slam dunky buy.
There is a ton of uncertainty regarding what the final settlement payment will be, plus the fines and penalties.
Now, there is money that can be made in uncertainty, but I certainly don't think it's a slam dunky buy.
Posted on 11/3/14 at 6:07 pm to TigerTatorTots
I'd go with Shell, Exxon, or Chevron instead.
Posted on 11/3/14 at 6:34 pm to Big Saint
Extremely volatile compared to similar companies, underperforming last 5 years (due to obvious circumstances), high PE. Rising costs as oil development becomes more expensive is probably going to have the biggest effect.
On top of that, there is the seemingly never ending fallout of the oil spill in the gulf along with high exposure to Russian markets.
It might be slightly undervalued, but there are many better options out there.
On top of that, there is the seemingly never ending fallout of the oil spill in the gulf along with high exposure to Russian markets.
It might be slightly undervalued, but there are many better options out there.
Posted on 11/3/14 at 6:38 pm to Big Saint
Don't forget about COP!
What do you guys know about the following? Many are at or near 52 week lows, and many pay a better than average dividend. Does anyone invest in foreign oil companies other than BP and RDS? What about some of these overlooked Canadian and American companies? Again, many bargain prices...
Europe:
Total
Eni (E)
Statoil (Norway)
Petrobras (Brazil, not Europe)
North America:
Schlumberger
Imperial Oil
Valero
Marathon Oil
Marathon Petroleum
Murphy Oil
Suncor Energy
What do you guys know about the following? Many are at or near 52 week lows, and many pay a better than average dividend. Does anyone invest in foreign oil companies other than BP and RDS? What about some of these overlooked Canadian and American companies? Again, many bargain prices...
Europe:
Total
Eni (E)
Statoil (Norway)
Petrobras (Brazil, not Europe)
North America:
Schlumberger
Imperial Oil
Valero
Marathon Oil
Marathon Petroleum
Murphy Oil
Suncor Energy
Posted on 11/3/14 at 6:42 pm to bayoubengals88
quote:
Don't forget about COP!
Absolutely right! Forgot about them.
As far as the others , stay away from Petrobras. Don't know enough about the others.
SLB is way more global than North America although they have a large presence in North America.
The refiners were killing it last year and early this year. I own PSX but VLO is a good one to look at as well.
This post was edited on 11/3/14 at 6:46 pm
Posted on 11/3/14 at 6:44 pm to Big Saint
Thanks.
Is Halliburton oil or mostly chemicals/plastics?
Is Halliburton oil or mostly chemicals/plastics?
Posted on 11/3/14 at 6:49 pm to bayoubengals88
Halliburton is an oil and gas services company. Smaller than SLB with slightly less global presence. I'd own SLB if you were looking into that type stock but you'd be better off with a major if you're looking for less volatility. The up and down movements of oil prices don't hurt them as much as they hurt the service company types although you'll still feel the drops if oil sinks low enough.
Posted on 11/3/14 at 7:16 pm to Big Saint
Is the correct Shell symbol RDS-A?
Posted on 11/3/14 at 7:18 pm to TigerTatorTots
Yep or RDS-B. I'm honestly not sure what the difference is. Voting rights or something.
Posted on 11/3/14 at 7:19 pm to TigerTatorTots
Yep. Royal Dutch Shell - Class A shares
Posted on 11/3/14 at 7:21 pm to Big Saint
Appreciate the info. Will likely toss some cash into one of these tomorrow while there is still a slight discount in the oil companies.
Posted on 11/3/14 at 7:55 pm to Big Saint
For our interest (as Americans), RDS-A comes with a 15% tax on dividends.
RDS-B has no foreign tax. Pretty cool.
RDS-B has no foreign tax. Pretty cool.
Posted on 11/3/14 at 8:14 pm to bayoubengals88
So RDS-B would be the way to go to avoid tax?
Would a DRIP with RDS-A still take out taxes?
Would a DRIP with RDS-A still take out taxes?
Posted on 11/3/14 at 8:20 pm to TigerTatorTots
quote:Yes.
So RDS-B would be the way to go to avoid tax?
quote:Always from what I've read.
Would a DRIP with RDS-A still take out taxes?
Posted on 11/3/14 at 8:23 pm to bayoubengals88
I'll make sure I'm looking at RDS-B then. Thanks 
Posted on 11/3/14 at 8:27 pm to TigerTatorTots
You've got until the 12th if you care about collecting a dividend from them next month.
Posted on 11/3/14 at 8:47 pm to bayoubengals88
Thanks for the heads up. Where do you find info on the cutoff dates for dividends? I'm interested in knowing about GSK and TOT
Posted on 11/3/14 at 8:50 pm to TigerTatorTots
Just look for the ex dividend date. You have to own it the day before that and you will collect.
Posted on 11/3/14 at 8:53 pm to Big Saint
I hope you aren't feeding me false information after that fantasy football arse kicking you got last week 
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