Thursday, April 16, 2020

Recent Purchase




Today I added to my BP position.


  • BP:  50 shares @ $22.18 --- Yield  11.27%

Total capital invested is $1,109 and will increase my yearly dividends by $125.00.

It's hard to ignore the majors right now. After a huge move up during the last few weeks, the prices of XOM, BP, and Shell are becoming attractive again. I'm looking forward to hearing about earnings and guidance at month end.

5 comments:

  1. Very nice, do you think BP will be able to maintain the dividend?

    ReplyDelete
    Replies
    1. BHL,

      At this point I would say it's 50/50. Lots of pressure on this company with the whole world on pause. I'm definitely buying with the future in mind.

      MDP

      Delete
  2. MDP -

    Yields, so insane in the oil field right now. How long can this be sustainable?

    -Lanny

    ReplyDelete
    Replies
    1. Lanny,

      Definitely more uncertainty than with the Gulf oil spill, but it's a long game for me. The values are compelling.

      MDP

      Delete