Is this a good time to buy BP stock?

[techs]

Mid January the stock was selling for about 65. Now its about 37.

I believe that BP will end up paying far less than most people believe. I am basing that on the Exxon experience of the Exxon Valdez. In the end they paid far, far, far less than anyone could have imagined. And Exxon found that a relatively inexpensive ad campaign erased their bad image.

If I planned on holding BP for at least 3 years could I see a huge profit?

 

[Ms. DICKINSON]

More falling prices to come, just wait.

 

[theflyingpig]

If I planned on holding BP for at least 3 years could I see a huge profit?

Most likely. Like Ms. DICKinSon, I'm waiting a little while for the prices to drop a little more before I buy. Many people will say BP stock will be worthless, but history shows otherwise. Oil is the one thing every single modern nation needs. It doesn't matter how bad a company looks now, what matters is what people are going to *need* in the future, and I guarantee people will need oil. Sure BP will pay some fines, but the reality of it is, the US government will do very little to BP. Once the general clean up is over, the public will forget about this incident, and it will be business as usual. Everyone knows this.

 

[AlienCraft]

When they declare bankruptcy and wipe out the common stock, then you will know whose hand is invisible.

 

[daw123]

Most likely. Like Ms. DICKinSon, I'm waiting a little while for the prices to drop a little more before I buy. Many people will say BP stock will be worthless, but history shows otherwise. Oil is the one thing every single modern nation needs. It doesn't matter how bad a company looks now, what matters is what people are going to *need* in the future, and I guarantee people will need oil. Sure BP will pay some fines, but the reality of it is, the US government will do very little to BP. Once the general clean up is over, the public will forget about this incident, and it will be business as usual. Everyone knows this.

This.

If you can get the shares cheap, then you are laughing since oil companies will continue to prosper, especially when the available oil becomes less and less and prices rise as oil becomes a scarce commodity.

The current lull in BP's share price is just a blip; the share price will eventually rise again.

Just my $0.02.

 

[JS80]

Mid January the stock was selling for about 65. Now its about 37.

I believe that BP will end up paying far less than most people believe. I am basing that on the Exxon experience of the Exxon Valdez. In the end they paid far, far, far less than anyone could have imagined. And Exxon found that a relatively inexpensive ad campaign erased their bad image.

If I planned on holding BP for at least 3 years could I see a huge profit?

Compare president back when valdez happened to the president now. Then tell me if you still think that.

 

[nobb]

The real question is, how long is it going to take BP stock to fully recover? I am still undecided on BP...perhaps waiting for it to hit 35 or 30 before I commit. Another stock I've been watching is Transocean. Their stock has taken a big hit similar to BP, but they may potentially recover faster than BP due to the fact that alot of their losses are insured. Also, most of the lawsuits seem to be targeted directly towards BP instead of Transocean.

 

[silverpig]

You need to do a valuation on the stock based on what you think their net earnings will be in the future. That's hard to predict while oil is still gushing out of that well. In order to accurately determine what the price should be, you need some information on the likelihood of when they will cap the well, what the cleanup costs/fines will be, and what their earnings will be.

You can try guessing, but you're just guessing.

 

[senseamp]

No, but may be time to buy other offshore exploration stocks that got battered as much as BP while having no legal exposure.

 

[guyver01]

BP will recover.. i mean... this stuff washes right off, right?

 

[TechInvestor]

My simple advice is to pull up a BP stock chart from one of the free sites such as Yahoo and look at the stock chart along with the 200 day moving average - if the stock price is below the 200 day moving average then steer clear unless you're a gambler - when the stock price finally gets back above the 200 day moving average then it may be time to get into BP. At the moment the stock price is waayy below the 200 day m.a. - I would put up a link but don't want to get slapped about - all IMHO etc...