Go all in with BP (British pet.)

[Jaug]

The company made $16.5 billions 2009, and broke records in revenue during 1Q 2010.

There are currently speculations that the company will go bankrupt but hey, they can always issue new shares. I just don't see it, down 13.5% today.

Buy it now if you feel like taking some risk, because this will either be rock bottom or revert to mean (+50%).

http://www.google.com/finance?q=NYSE:BP

[Chi_archie]

good luck

[Jaug]

Bought mine for $31, let's see how this works out.

[compaqDikk]

you guys are catching a falling knife. and if you think you can dollar cost average, you can, all the way to ZERO and it's possible, i did it on my chalkboard

[big0mar]

BP will have all their leases pulled in due time. Wouldn't surprise me if they go into receivership shortly. They are fukked.

[itchypickle]

The company made $16.5 billions 2009, and broke records in revenue during 1Q 2010.

There are currently speculations that the company will go bankrupt but hey, they can always issue new shares. I just don't see it, down 13.5% today.

Buy it now if you feel like taking some risk, because this will either be rock bottom or revert to mean (+50%).

http://www.google.com/finance?q=NYSE:BP

Stay away from this stock until at least next year...Balance sheet is going to take a hit for near future and the whole 'issue new shares' statement...that drives the share price DOWN. Much better options out there other than this company.

[Jaug]

BP will have all their leases pulled in due time. Wouldn't surprise me if they go into receivership shortly. They are fukked.

This is almost the only risk, but money always win in the end and BP got money.

[itchypickle]

Short money's the smart money here...or buy some fall puts!

[capitalist pig]

Why take the risk there, when there are so many other oil service related companies who have taken the same hit as BP, but have none of the same risks.JMO.

later

[big0mar]

This is almost the only risk, but money always win in the end and BP got money.

No. You don't **** with the American people and get away with it when a liberal is in office.

If you guys are looking for value, pickup some competitors of BP's.

[kmarinouofm]

not sure why you wouldn't wait longer.. been thinking of this play for a while now.. and me and my pops are thinking its going to go way lower before there come back.. i would put a buy in around 7-11 bucks on this stock.

[capitalist pig]

i would put a buy in around 7-11 bucks on this stock.

I bought XOM back in the 80s for $8 a share, and still own it, 7-11 sounds about right if this continues all summer,JMO.

later

[Jaug]

not sure why you wouldn't wait longer.. been thinking of this play for a while now.. and me and my pops are thinking its going to go way lower before there come back.. i would put a buy in around 7-11 bucks on this stock.

Of course it could dip lower but right now the hype is on, in every which way.

Do you think one of the worlds largest oil companies will go bankrupt because of one leaking rig? The market thinks so, take your stand.

[itchypickle]

Of course it could dip lower but right now the hype is on, in every which way.

Do you think one of the worlds largest oil companies will go bankrupt because of one leaking rig? The market thinks so, take your stand.

Just keep in mind the big picture of cost they are out...loss of expected earnings from that well...the cost per barrel lost in fines...the cleanup itself...endless litigation and class action suits...loss of contracts from new wells...etc A LOT of variables to consider here when there are so many other values out there in this market...SLUB...BHI even...keep in the oil services sector and you find good buys. But if you want this to be your spec play...have at it...I bought Ford when it was at $1....so who knows. Good luck either way

[SBR_John]

BP CAP MKTS P L C
05565QBJ6
Bank & Finance/Finance
4.750
03/10/2019

This BP bond is trading at 89 to yield almost 7%. Thats 7% for a AA rated bond! Fvck me running...I'm in.

[Jaug]

BP CAP MKTS P L C
05565QBJ6
Bank & Finance/Finance
4.750
03/10/2019

This BP bond is trading at 89 to yield almost 7%. Thats 7% for a AA rated bond! Fvck me running...I'm in.

How can I buy these? I'm interested.

[big0mar]

Are people really on the company that is responsible for the largest man-made disaster in modern history?

Really?

[Jaug]

Out at $36.6 for a nice 18% yield over about a month.