Greenpeace has hailed BP‘s (LSE: BP) decision not to drill for oil offshore in South Australia as a momentous win. But it’d be naive to see the energy giant’s withdrawal as a purely environmental move.
Why BP plc backed out of the big Australian Bight
VIDEO: One Fool looks at why BP plc (LON:BP) backed out of Australia.
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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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