The Trader gives below his latest thoughts on the current open positions:
BP - 196.6p
We commented on BP's latest figures last week but believe that the shares are still worth retaining for a bounce in the short-term. Originally recommended at 217.8p, the shares have since hit a 25 year low but the prospect of an annual dividend of over 16p (21 US cents at £1/$1.30) at current exchange rates should protect on the downside. The impact of more lockdowns appears to be already factored in and we retain our suggestion . . .
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