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?


5 comments:

  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!

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    Replies
    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.

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  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.

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  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!

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  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!

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