Investors in India love the country’s new prime minister Narendra Modi — well, all with the possible exception of British energy giant BP (LSE: BP). Its $7.2 billion investment in the KG-D6 offshore gas field is yet to achieve its full potential, with low gas prices in India getting the blame. And some say Modi just made things worse…
Why BP plc Is Down On Prime Minister Modi
VIDEO: One Fool puts BP plc (LON:BP) under the spotlight.
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Published 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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