I own some BPT but my guess is that this won’t benefit from this oil, I don’t think. It is worth checking on.
Is there any kind of financial relationship between BP (American Depositary Receipt) and BPT?
My grandfather bought Standard Oil of Indiana (Amoco) stock in the early 1920s and reinvested 100% of the dividends.
My Dad did the same thing, and put all the stock in a family Trust.
BP bought Amoco around 1999.
Around 2009, BP’s Gulf of Mexico deep well blew up, and our BP stock lost 50%.
That was a completely staggering loss of money for my family after more than 80 years of steady growth and dividends from Amoco (Standard Oil Indiana).