Tuesday, September 16, 2014

Trade - Buy

I added more shares to my position to BP plc (ADR)  (BP)

26 shares @ $45.97 on 9-12-2014

This will increase my forward 12-months dividend by $60.32 to a total of $1,869.88

I updated my Portfolio to reflect the change.

Here we see that BP forward PE is very low at 5.6

Here we see that current yield is at is 5 year highest.

Morningstar (****) Fair: $59.00
S&P Capital (****) Fair: $46.50

Like BP at this level? Did you buy some?


  1. Good buy here FF. I think the continued weakness in BP is something to take advantage of as they continue to navigate the legal challenges presented by the spill. I don't think it will adversely affect them in the long-term, so they provide an attractive entry point.

    Pretty cool how close to the $2,000 mark of forward dividends you are getting. Just a few more purchases and you will hit that point!

    1. Thanks W2R, yes this weakness gives a great time to buy.

      I am happy with my progress. I should pass $200 in December. That will feel amazing. Thanks for stopping by.

  2. I think that this is probably a decent level to buy in at. There is still a fair bit of risk related to ongoing legal action and compensation for the spill, but a lot of this is now priced in.

  3. Great buys FF: BP today and yesterday ESV!
    Also bought some additional BP and ESV today (have yet to post). Loving the combined nice yield on these.
    Keep it up!

  4. BP remains outside my watch list until it earns Challenger status again, sometime in 2015. You'll probably end up with a tremendous long-term benefit by jumping in "earlier", seeing how aggressively BP is restoring its dividend payments after the 2010 cut. Good luck!