BP is entering a new phase in its history, with it having drawn a line under the costly oil spill of 2010. Its valuation and yield have appeal in my view within a sector that remains generally undervalued. Therefore, I feel that now is the right time to buy BP and that 2017 could be another strong year for the company.
Even the most optimistic of oil bulls is unlikely to have accurately predicted the performance of oil in 2016. At its lowest ebb, oil traded at $28 per barrel in January, but yet ended the year at over $56 per barrel. That's a 100% gain in less than a year, which seemed unlikely given the persistent glut of supply.
However, with OPEC agreeing to a production cut, the outlook for oil is now much more positive. This has been followed by a cut in production from non-OPEC members...
by Zak Mir | Trading| 1 mins. to read A previous technical call on Pantheon Resources (LON:PANR) suggesting that below 100p the stock could fall to 50p was not exactly popular. However, the late 2016 dive towards 60p meant that this view was not too wide of the mark.
by Nick Sudbury | Funds| 5 mins. to read Most investment trusts normally trade at a discount to their underlying Net Asset Value (NAV), but there are one or two where the manager is so highly regarded that the shares generally change hands at a premium.
by Filipe R Costa | Economics | 5 mins. to read If you ever wondered what that Christmas song really means, look no further. It's the moment to look back over the momentous year gone by and to prepare for the even more tumultuous one about to dawn.
by Evil Knievil | Evil Diaries | 1 mins. to read Thank goodness that Christmas is over. It is an absurdly long compulsory break. As Christopher Fildes pointed out thirty years ago banks do not need holidays even if people do.
Happy New Year! As if 2016 wasn't tumultuous enough, 2017 promises to hold many more surprises. Here's a selection of our best ideas from some of our favourite commentators…
Material contained within Master Investor Magazine and its website is for general information purposes only and is not intended to be relied upon by individual readers in making (or refraining from making) any specific investment decisions. Master Investor Ltd. does not accept any liability for any losses suffered by any user as a result or any such descision.
Ingen kommentarer:
Send en kommentar