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Home / Stocks and Markets at Lows / BP. (BP.L) 05-12-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

BP. (BP.L) 05-12-19

BP. (BP.L) has dropped from highs of 557.9p. Will it continue, or could you pick up a bargain?

 

  • Now trading at 471.45p (at time of writing). A return to period highs would mean a rise of 18%.
  • This shares are amongst the most significant fallers in the period.
  • Markets constantly over-react to adverse news. Traders should consider whether the fall is reasonable, or is this another over-reaction?
  • Bargain hunters should be mindful of the underlying fundamentals.
  • Shares -19% from 12-month highs; +0% from 12 month lows.

Latest News

 

17 Sep:  UK shares retained previous gains on Tuesday, after oil stocks continued to be boosted by attacks on Saudi crude reserves.

16 Sep:  Oil stocks rallied after an attack on a major Saudi production installation.

30 Jul:  BP this morning posted strong quarterly results.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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