BP Stock Set To Increase?

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Djshorty89

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Nov 18, 2009
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With the big sell off of 15% today, does anyone think BP stock is poised for an increase? I'm not good at deciphering market trends, and I'm thinking about putting some money in BP. Any thoughts from serious investors would really help...
Thanks
 


My son - who is pretty darn good at picking stocks that others think are losers - spent hours today wondering the same thing. He thinks it might have a way to fall first, so we decided to wait.
 
Something bothers me about this... anything for that green I suppose. I'm not a nature freak but damn monetizing off this shit this way is a bit much no?
 
Depending on how long they wait to get it fixed and then factor in Clean up and Payout costs afterwards I say we have about 6 months or so of droppage to about the 10-15$ range and then it will start heading back up around next spring or shortly after winter.

But im Hedging my bets they wont go bankrupt. They are a worldwide brand.

If your buying now YOU BETTER BE SHORTING. That is all kthxbai.
 
w4rl0rdx said:
Depending on how long they wait to get it fixed and then factor in Clean up and Payout costs afterwards I say we have about 6 months or so of droppage to about the 10-15$ range and then it will start heading back up around next spring or shortly after winter.

But im Hedging my bets they wont go bankrupt. They are a worldwide brand.

If your buying now YOU BETTER BE SHORTING. That is all kthxbai.
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so they'll drop to a level of just twice their earning power?

bs.
 
Don't you guys think Obama is going to overreact with a crippling punishment for BP? Considering how much he botched the response to the oil spill he feels the need to portray himself as a hardass in order to appease the angry public.

I'll be buying once the BP drastically falls again due to Obama's policies.
 
cardine said:
I think Obama is going to give levy crippling punishments at BP. Considering how much he botched the response to the oil spill he feels the need to portray himself as a hardass in order to appease the angry public.

I'll be buying once the stocks drastically fall again due to Obama's policies.
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I very much doubt so. We all depend on oil, BP is worth more alive than dead.

I doubt Obama is stupid enough to try and pull some chavez-style move. Accidents happen, the media is overplaying this.

Looting BP with horrendous punitive damages is a terrible idea - What will the effect be on investment in offshore drilling, who would want to start new projects anywhere near the U.S. considering one slip up could bankrupt them.
 
We won't know just how much oil really leaked for a few more months yet, but I have a feeling its WAY more than anyone realizes.

If BP doesn't issue their dividend on June 21st you'll see an additional sell off of the stock.

The whole tally for the cleanup plus gulf related lawsuits could hit $100 billion... I'd stay clear of the stock for a while yet.
 
All of you guys are missing the obvious buy here:
RIG

Transocean took a lot of heat as well but it all seems to be BP's problem. I say RIG recovers faster.

Get in, get off, get out.
 
No. It's not going to go up. All the oil companies with offshore drilling assets are going to be hurting for years because of those clowns.

If you want to buy oil/natural gas stocks, check out me and my partners' website

Oil & Gas Investments Bulletin ? Learn, Invest and Prosper in Oil & Gas

(note: We makka da monies selling paid subscriptions for reports and suggested portfolio weighings. All our subscribers are OLD white guys. Meaning not you people. But we have lots of free iinformative stuff and it's waaaaaay better than the laughable shit posted in mainstream media sites that masquerades as "sound investment advice")

Good link to start: How to Invest in Oil & Gas Stocks – Part 1
 
I've been playing BP stock quite a bit since it started falling.

Coming out way on top but this week got hit hard (see my tweet saying Monday it'd go up quite a bit - only did by a few %).

It's getting riskier and risker to play - I think it will rebound tomorrow - but I also think it will go substantially lower from where it's at already. And if it does it becomes increasingly likely it'll be broken up imo.

Before buying into a stock like this - especially if it's your first time like this - brush up on the fundamentals of investing and stocks (something way too many people, who trade millions worth daily, forget).

Remember that because a stock halved in price doesn't mean it's worth to buy into. It's like having a $500,000 Hyundai and cutting the price to $250,000.

Watch the whole series - it'll take 2 or 3 hours tops.

[ame="http://www.youtube.com/watch?v=fa-VZ-SDxgY"]YouTube- Broadcast Yourself.[/ame]
 
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It looks like there is a possibility for a straddle play with BP. There's no question the stock isn't going to stay put at this price level.

Although it seems better off to be bearish in the near term. Any announcement in a cut or a canceling of the dividend and further goverment penalties may give it another haircut.
 
Benji49 said:
No. It's not going to go up. All the oil companies with offshore drilling assets are going to be hurting for years because of those clowns.

If you want to buy oil/natural gas stocks, check out me and my partners' website

Oil & Gas Investments Bulletin ? Learn, Invest and Prosper in Oil & Gas

(note: We makka da monies selling paid subscriptions for reports and suggested portfolio weighings. All our subscribers are OLD white guys. Meaning not you people. But we have lots of free iinformative stuff and it's waaaaaay better than the laughable shit posted in mainstream media sites that masquerades as "sound investment advice")

Good link to start: How to Invest in Oil & Gas Stocks – Part 1
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magicmembers plugin! i just installed that shit
 
I've been looking into BP as well but there are just way too many unknown answers still at this point.

- How much oil will reach the Florida shoreline? (this scenario alone could cripple BP and the W. coast of Florida's tourism/jobs.)

- Will the US gov shut down some of BP's other operations/refineries?

- How many legal claims will be filed?

BP already owes around $1.25 Billion just for the clean-up costs we know of -- it's going to get a LOT worse.

BP is a cash generating machine but it only has around $8 Billion in cash on hand so it really depends on whether they can continue business as usual and still payout for all the damages.

Might get a dead-cat bounce if the stock market as a whole turns around to a more bullish sentiment due to short covering but I don't see the stock market changing gears anytime soon with all the bad numbers lately.

Technically, the stock is completely broken.

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Seems just like gambling unless you really understand what is likely to happen. Even if you do know what is likely to happen, you will still have to endure a lot of volatility in the stock. "The market can remain irrational longer than you can remain solvent"

I wouldn't touch the stock until after it went through a bankruptcy process and the liabilities were wiped out. If you like to gamble, don't put in more than you are willing to lose.
 
I don't think BP stocks have even come close to hitting their low point.

It might be prudent to invest in seafood companies that operate heavily outside of the Gulf. The Gulf fishing industry is going to lose many billions of dollars in the coming years because of all this and the demand for seafood isn't going to go down. The cost of seafood is going to SKYROCKET and someone is going to make a killing off of that.
 
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