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Strategies & Market Trends : Value Investing

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From: Paul Senior8/27/2007 12:21:03 PM
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Upping my small BP position now. BP is the second largest publicly traded oil company, and the the 4th largest US refiner, according to S&P.

P/e is about 10, dividend yield a little under 4% (amount raised in each of the past several years).

Stock has stalled, possibly because earnings trend has not been favorable. And, as with all these behemoths, question is whether they can sufficiently replace reserves.

Lot of adverse publicity with this company. CEO has resigned. Maybe new guy can improve situation. I'll try to hold 12 months to see.

finance.yahoo.com
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