BP is by far my largest position due to the growth since I bought it (I haven't paid €2.50 per share), but I wouldn't necessarily buy more. There are much better companies in the energy sector in terms of strategic positioning. BP didn't do itself any favors with its back-and-forth on the zero emission and burned hundreds of millions for nothing by then rowing back again. Then it was said that they had postponed and now suddenly that they wanted to concentrate on oil and gas after all. The management at BP has a problem and this is sometimes expensive, especially in comparison with other companies such as Chevron, Shell or Exxon, etc...
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@DynasticGrind And that's exactly why I'm considering switching my savings plan to Shell, for example, and selling my position, which is now up a good 6%, and investing in Shell, for example.
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@Haberlapp m. In my opinion, all energy companies are currently valued quite highly. Overall, however, this applies to the broad market either way and buying nothing at all is not an alternative. I don't think you'll do badly with Shell, especially if you plan to reinvest the dividends without any gaps - which should be a condition for dividend stocks anyway, until they become "self-sustaining" - at least that would be my approach. At the end of the day, you have all the time in the world and can do it in tranches, e.g. in thirds or similar.
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