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BP plc Predicts $60 Oil — But It’s Not All Bad News

VIDEO: One Fool takes a closer look at BP plc (LON:BP).

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Owain Bennallack
Owain is a magpie of the investing world -- and not because he gets into a flap. Almost any style of investing might suit him, depending on the bigger picture, and he's held all sorts of companies. Paraphrasing Keynes, he says: “When the market changes, I change my mind -- what do you do?” That said, Owain is usually a buyer of equities, where he prefers lightly geared, modestly rated companies, and is increasingly on the lookout for Buffett-style intangible quality. He aspires to buy-and-hold: his best investment ideas are worth much more than he sold them for. Then again, his worst investment went bust due to management fraud!
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With the oil price still languishing two-thirds off its peak, this most recent crash is every bit as dramatic as that we saw with the so-called ‘oil glut’ in the mid-1980s. The bad news is BP (LSE: BP) thinks low prices are going to last for longer. But there’s good news too, at least if you’re a BP shareholder…

Should you invest, the value of your investment may rise or fall and your capital is at risk. Before investing, your individual circumstances should be assessed. Consider taking independent financial advice.

Owain Bennallack has no position in any shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

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