BP (LSE: BP) saw operating profits fall 20% year over year in its most recent quarter, but the company isn’t taking the turmoil in the sector lying down. It’s paying a hefty price to restructure the business to better reflect the lower price of crude, but that should pay dividends in the future…
How BP plc Is Navigating The Oil Price Rout
VIDEO: One Fool takes a closer look at BP plc (LON:BP).
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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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