Confused on Oil

[stargazer]

Hi all

A while ago i bought BPT because i thought oil was going to rise and the share price would also rise. I paid 1.50 for my shares. This is when oil was around 75-80 dollars a barrel. Now its around $130 and the share price hasn't done much...very frustrating.

Have i just picked the wrong oily to be in?

How else could one I have invested thinking the oil price would rise?

I am thinking the same with Uranium that the price is going to rise. I settled on DYL.

Cheers
SG

 

[Trembling Hand]

Commodity companies haven't always got a direct correlation to their underlying. Have a look at the biggest oil company Exxon Mobil. Same old pattern. But you have fould that out.

 

[motorway]

Have i just picked the wrong oily to be in?

A question of Timing

BPT's performance begs a number of questions

On the Delhi Purchase,
the Basker sales,
the quantity of share issuings..
and of the overseas expansion..


On a per share basis
is it going forward or backward ?

What will it it start to do ?


Here is a chart I would start
My pondering with.
What do you see ?

The chart is what begs those questions
The information is out there it always is.

motorway

 

[Smurf1976]

Commodity companies haven't always got a direct correlation to their underlying. Have a look at the biggest oil company Exxon Mobil. Same old pattern. But you have fould that out.

ExxonMobil is actually a fairly small player in terms of actual oil production. I don't have the exact figure but it's primarily a refining and marketing company these days rather than an actual crude oil producer.

Same with Caltex (they don't actually produce crude oil at all), Shell, BP and the others. Most oil is produced by other companies or foreign government controlled entities - the latter being the largest players in the oil business (Saudi Aramco etc).