BP stock

[Lookn4help]

anybody feel safe enough to start buying BP or do you think it will continue to flatten?

 

[Cold]

Considering it, but I think it drops further. Not sure if my conscience will let me pull the trigger, and I am a greedy bastard.

 

[MadJack]

I'm surprised there isn't more short interest.

<TABLE border=0 cellSpacing=0 cellPadding=2 width=400><TBODY><TR><TD><TABLE style="BORDER-BOTTOM: #cccccc 1px solid; BORDER-LEFT: #cccccc 1px solid; BORDER-TOP: #cccccc 1px solid; BORDER-RIGHT: #cccccc 1px solid" border=0 cellSpacing=0 cellPadding=3 width="100%"><TBODY><TR><TD class=style12 bgColor=#eeeeee width=250>

BP Plc ​

</TD><TD class=style12 align=right>

$ 31.85​

</TD></TR><TR><TD class=style12 bgColor=#eeeeee>

BP ​

</TD><TD class=style12 align=right>0.45

​

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Short Interest (Shares Short)​

</TD><TD class=style12 bgColor=#ccffcc align=right>6,594,700

​

</TD></TR><TR><TD class=style12 bgColor=#eeeeee>

Days To Cover (Short Interest Ratio)​

</TD><TD class=style12 bgColor=#ccffcc align=right>0.2

​

</TD></TR><TR><TD class=style12 bgColor=#eeeeee>

Short Percent of Float​

</TD><TD class=style12 bgColor=#ccffcc align=right>0.31 %

​

</TD></TR><TR><TD class=style12 bgColor=#eeeeee>

Short Interest - Prior​

</TD><TD class=style12 bgColor=#ccffcc align=right>6,165,100

​

</TD></TR><TR><TD class=style12 bgColor=#eeeeee>

Short % Increase / Decrease​

</TD><TD class=style12 bgColor=#ccffcc align=right>19.85 %

​

</TD></TR><TR><TD class=style12 bgColor=#eeeeee>

Short Squeeze Ranking?​

</TD><TD class=style12 bgColor=#ccffcc align=right>-0

​

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% From 52-Wk High ($ 62.38 )​

</TD><TD class=style12 align=right>-48.94 %

​

</TD></TR><TR><TD class=style12 bgColor=#eeeeee>

% From 52-Wk Low ($ 34.15 )​

</TD><TD class=style12 align=right>-6.73 %

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</TD></TR><TR><TD class=style12 bgColor=#eeeeee>

% From 200-Day MA ($ 54.87 )​

</TD><TD class=style12 align=right>-41.95 %

​

</TD></TR><TR><TD class=style12 bgColor=#eeeeee>

% From 50-Day MA ($ 51.08 )​

</TD><TD class=style12 align=right>-37.65 %

​

</TD></TR><TR><TD class=style12 bgColor=#eeeeee>

Price % Change (52-Week)​

</TD><TD class=style12 align=right>-38.70 %

​

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Shares Float​

</TD><TD class=style12 align=right>3,130,000,000

​

</TD></TR><TR><TD class=style12 bgColor=#eeeeee>

Total Shares Outstanding​

</TD><TD class=style12 align=right>3,130,726,833

​

</TD></TR><TR><TD class=style12 bgColor=#eeeeee>

% Owned by Insiders​

</TD><TD class=style12 align=right>0.17 %

​

</TD></TR><TR><TD class=style12 bgColor=#eeeeee>

% Owned by Institutions​

</TD><TD class=style12 align=right>0.00 %

​

</TD></TR><TR><TD class=style12 bgColor=#eeeeee>

Market Cap.​

</TD><TD class=style12 align=right>

$ 98,304,821,362​

</TD></TR><TR><TD class=style12 bgColor=#eeeeee>

Trading Volume - Today​

</TD><TD class=style12 align=right>235,320,656

​

</TD></TR><TR><TD class=style12 bgColor=#eeeeee>

Trading Volume - Average​

</TD><TD class=style12 align=right>32,901,200

​

</TD></TR><TR><TD class=style12 bgColor=#eeeeee>

Trading Volume - Today vs. Average​

</TD><TD class=style12 align=right>72.60 %

​

</TD></TR><TR><TD class=style12 bgColor=#eeeeee>

Earnings Per Share​

</TD><TD class=style12 align=right>6.36

​

</TD></TR><TR><TD class=style12 bgColor=#eeeeee>

PE Ratio​

</TD><TD class=style12 align=right>7.40

​

</TD></TR><TR><TD class=style12 bgColor=#eeeeee>

Record Date​

</TD><TD class=style12 align=right>2010-JuneA</TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>

 

[MadJack]

What happens when that cleanup bill exceeds 100 billion? Bankruptcy? Issue a billion more dilutive shares?

I'll safely stay away even though some are going to make a killing, but will it be shorts or longs?

 

[redsfann]

What happens when that cleanup bill exceeds 100 billion? Bankruptcy? Issue a billion more dilutive shares?

I'll safely stay away even though some are going to make a killing, but will it be shorts or longs?

Have read rationale for both longs and shorts regarding BP; I'm firmly in the short camp as I think they will be bankrupt before being a viable company again.

If you really want to play the oil biz, load up on XOM. They along with other oil companies have been getting slammed on Wall Street for no other reason than they are in the same biz...:shrug:

Wished I had pulled the trigger when XOM was trading for under 60. Still great value @ 62 and change; I own 300+ shares in my SEP that I've acquired over the years via their DRIP program--at a much higher avg price than what it sells for today. Will be adding to my holdings in XOM over the next few months--or for as long as its trading under 70....

 

[dawgball]

This is very similar to Philip Morris a few years ago, correct?

 

[djv]

I agree stay away from BP for at least next year.
THere are many better ways to go XOM like Reds mentioned is a good one.
If I play BP it will be short.

 

[dawgball]

Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful.

http://en.wikiquote.org/wiki/Warren_Buffett

This quote was taken from the 2004 Chairman's Letter for Berkshire Hathaway.

 

[The Joker]

http://en.wikiquote.org/wiki/Warren_Buffett

This quote was taken from the 2004 Chairman's Letter for Berkshire Hathaway.

That quote puts hair on your balls.

 

[dawgball]

That quote puts hair on your balls.

Just checked. You're right!

I think I may have to start saying that more and then go rough talk my wife.

 

[Lookn4help]

BP stock question

BP stock question

Thanks for input...only reason I look at them is they make 30 billion a year and I think they make minor return then I agree time to short or do a little of both now. Time to look at XOM