Wednesday, 11 December 2019

BP a time to buy for me.

Today I dipped my toe in to the oil market. BP the UK oil supplier was for me just to cheap and i had to load up on the stock at £4.67. With a 6.67% dividend yield i would be happy to hold this stock for the rest of my life. oil prices are set to rise to in the coming years as the easy accessibility for oil dries up and reserves become ever more rare. shale oil will plug the gap to a certain extent but in my view shale will not solve global oil consumption issues. as black gold becomes less available and the demand rises the price of a barrel of oil is surly set to rise and we all know what that means. more profits for black gold lovers.

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