How to buy Baron Oil (BOIL) shares

By   |   Verified by Andrew Boyd   |   Updated 16 Oct 2023

Baron Oil (LON: BOIL) is a UK-incorporated, independent oil and gas exploration company. They were founded in 2014 to exploit low to medium-risk exploration projects with the potential to be developed quickly and at a low cost.

They hold a 75% indirect interest in the Chuditch PSC gas discovery, which Shell drilled in 1998. Baron Oil also has interests in the Dunrobin Offshore Block in the North Sea and the onshore El Barco block in Peru.

Read on for our guide to buying shares in Baron Oil online.

Unsure about what share dealer to use?

Where to buy Baron Oil shares

eToro

On website

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk

eToro

Highlights

  • Trade and invest in top financial instruments, including a wide selection of stocks.
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Hargreaves Lansdown

On website

Hargreaves Lansdown

Highlights

  • Offers easy-to-use trading platforms.
  • Invest across 20 international exchanges in shares, funds, bonds and investment trusts.
  • Dealing charges depend on how many trades you make each month.
Lightyear

On website

When you invest, your capital is at risk.

Lightyear

Highlights

  • Invest in over 3,000 international ETFs and stocks in the EU, UK, US, and more.
  • Simple and easy-to-understand pricing. Per order, Lightyear will charge 0.1% (up to $1 max) on US shares, £1 on UK shares, and €1 on EU shares.
  • Earn interest* on uninvested cash, USD (4.50%), EUR (3.25%), GBP (4.5%), and HUF (8.25%)  p.a. gross.
  • No account-keeping fees.


*The interest rates are true as of 11.01.2023
* Finty will be paid a referral fee, including financial promotion if you open an account and deposit funds through some of the links on this page.


Pros

  • No withdrawal fees.
  • US Fractional Shares are available.
  • A low 0.35% foreign exchange fee.

Cons

  • Limited investment products.
Saxo Markets

On website

Saxo Markets

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  • It only takes five minutes to open your account online.
  • Get ultra-competitive spreads and commissions across all asset classes.
  • Get news, commentary and actionable trade ideas from their team of expert analysts.
Pepperstone

On website

80.9% of retail investor accounts lose money when trading CFDs

Pepperstone

Highlights

  • Trade gold, silver, oil, and more.
  • Enjoy industry-leading low spreads from 0.0 pips.
  • Regulated by ASIC, BaFin, CMA, CySEC, DFSA, FCA, and SCB.
Freetrade

On website

Freetrade

Highlights

  • With fractional shares, you can start investing from only £2.
  • Choose from thousands of stocks from the London Stock Exchange, NYSE and NASDAQ.
  • Access to a wide range of ETFs and Investment trusts.

Compare stock trading platforms on Finty. Research fees, commissions, tradable assets, markets, etc.

First time buying?

How to buy Baron Oil shares

Step 1: Sign up with a broker

Baron Oil is listed on the London Stock Exchange. You'll need a broker with access to this exchange if you want to buy their shares. Many brokers have access to London’s market and others.

When comparing options, check what the broker charges in terms of commission and foreign exchange when buying on international markets. Other things to take into consideration include market access, tradable instruments, whether they have fractional share investment, minimum deposit required, etc.

Step 2: Deposit funds in your account

You can fund your account with a bank transfer or a debit card. Some brokers also accept credit cards.

Note that it can take some time before your funds clear into your trading account. Debit cards are typically the fastest way to deposit funds.

Step 3: Decide what to spend on shares

Which shares you buy and how much of your money you invest are very important decisions, particularly since share prices fluctuate. The general rule of thumb is not to invest more than you can afford to lose.

Step 4: How to invest in an ETF

ETFs (Exchange Traded Funds) are considered to be a less risky way to invest compared to investing in a single company’s shares. This is because an ETF is a basket of shares.

An ETF is less likely to deliver rapid capital growth as can happen with a growth stock, but can deliver slow and steady returns. Nevertheless, an ETF is comprised of shares — a “risk asset” — and its price can also fluctuate depending on market conditions.

Step 5: Spec up your order

Market orders can be used to purchase stocks at the current market price. They are the easiest type of order to configure.

Most brokers also support more complex orders that can be triggered by an event. For example, you could configure an order to be automatically executed at a pre-defined price. Many investors use these orders to protect their profits by selling out of a position when the market turns and taking profit.

Alternatively, some brokers support recurring buys so you can build your position in a company over time.

Step 6: Place your order

Once you have configured your order, submit it to buy your shares.

After you buy

What moves baron Oil's share price

Global events that impact the price or availability of gas and oil have the potential to move Baron Oil’s share price. You should also read their press releases, company announcements, and results. News of new deposits can move their price.

To put Baron Oil’s performance in context with the broader market, monitor share prices and developments at competitors such as Longboat Energy (LON: LBE), President Energy (LON: PPC), Harbour Energy (LON: HBR), and Enquest (LON: ENQ).

Disclaimer: We put our customer’s needs first. The views expressed in this article are those of the writer’s alone and do not constitute financial advice. Advertisers cannot influence editorial content. However, Finty and/or the writer may have a financial interest in the companies mentioned. Finty is committed to providing factual, honest, and accurate information that is compliant with governing laws and regulations. Do your own due diligence and seek professional advice before deciding to invest in one of the products mentioned. For more information, see Finty’s editorial guidelines and terms and conditions.