I've just bought some BP shares at 377p. My reasoning is posted on shareworld but essentially I think the share price is already pricing in the worst-case - and therefore any surprise should be on the upside. Of course that's not to say the share price won't go lower in the short run.
I was in two minds whether to go in big at the current price, or average in over a couple of purchases. I've decided to commit about half of the total I'm willing to put in, and I'll keep an eye on the share price for the next few weeks looking for a good time to commit the rest.
BP is now 4.6% of my portfolio.
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