Five years and tens of billions of dollars of fines later, BP (LSE: BP) finally looks to have a final bill for the Deepwater Horizon tragedy that claimed 11 lives and spewed millions of barrels of oil into the Gulf of Mexico. A final settlement hasn’t come cheap — and it can’t undo the damage to either the Gulf or BP’s balance sheet — but it does make BP investable again…
Is It Finally Safe To Buy BP plc?
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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