drbubb Posted March 29, 2007 Author Report Share Posted March 29, 2007 sold half of my BP July calls today for a 50%-plus profit those that bought with BP at $59 (see last post), would have done far better. Today's price for BP: $ 65.73 + $1.03 i hope some of our regular GEI readers, and CW-radio listeners benefitted from these trades Link to comment Share on other sites More sharing options...
grenouille Posted March 29, 2007 Report Share Posted March 29, 2007 Dr Bubb, I took your and the threads advise and bought quite a few BP Shares for the longer term but also I have a number of small onrunning spreadbets. I think its a little early to close them....I believe that the Shares may reach 600 in the not too distant future. Thanks for your opinion on this Link to comment Share on other sites More sharing options...
drbubb Posted March 29, 2007 Author Report Share Posted March 29, 2007 notice i owned options ($-strike options, as recommended), and that i sold half. this makes my virtually "bulletproof" on what i have left, and gives me some firepower to buy more, if BP dips. And i do expect a pullback from these levels Link to comment Share on other sites More sharing options...
drbubb Posted April 4, 2007 Author Report Share Posted April 4, 2007 haha- look at this... I just applied my "golden inflection point" (GIP) framework to BP - us quote. look what it shows: makes it look easy-peasy, yes? == see: http://www.greenenergyinvestors.com/index.php?showtopic=1777 Link to comment Share on other sites More sharing options...
DontPanic Posted May 18, 2007 Report Share Posted May 18, 2007 Thought this thread needed bringing back to life given there has been a bit of movement in the BP price and the gay lord has now departed. Since the March 9 post above the following has happened: BGY up 36% BP up 11% JRIC up down 3% JRIC was sold yesterday. Not sure what to do with BGY and BP. Take some quick profits or keep holding ? Link to comment Share on other sites More sharing options...
No6 Posted May 18, 2007 Report Share Posted May 18, 2007 Thought this thread needed bringing back to life given there has been a bit of movement in the BP price and the gay lord has now departed.Since the March 9 post above the following has happened: BGY up 36% BP up 11% JRIC up down 3% JRIC was sold yesterday. Not sure what to do with BGY and BP. Take some quick profits or keep holding ? Well, there might be more to come on BP. The bull market loves having M&A rumours even if most come to nothing. Read this from one market report today. Elsewhere among FTSE constituents, oil majors were in demand as speculation persisted that Shell (RDSB) and BP (BP.) were considering a tie-up. The rumours helped shares in both companies gain ground, with Royal Dutch shell closing 47p higher at 1,906p as BP finished the day 11.5p better at 582p. Link to comment Share on other sites More sharing options...
grenouille Posted June 9, 2007 Report Share Posted June 9, 2007 I don't really see the logic in a Shell/BP tie up. What is there to gain,particularly for BP ? Its not massive liquid reserves. They would probably be better taking out one of the smaller exploration companies. For me ,price wise, I think BP is still attractive. It has a reasonably good spread of reserves and competive input into new energy technology. The price being roughly on a PE of 10,with a reasonable dividend yield whilst still with the potential to benefit from any early 'peak oil' or political shocks then where is the downside for the price ? Link to comment Share on other sites More sharing options...
vinny Posted June 20, 2007 Report Share Posted June 20, 2007 I don't really see the logic in a Shell/BP tie up.What is there to gain,particularly for BP ? Its not massive liquid reserves. They would probably be better taking out one of the smaller exploration companies. Much has, understandably, been discussed with regards to reserves. That should not detract from the bigger picture of two integrated oil companies. Those who work within the industry may well prompt you to take a look at BP's operational (with a focus on safety / environmental / reliability) vs. that of Shell's. (Both upstream and downstream parts of the business). Link to comment Share on other sites More sharing options...
No6 Posted August 5, 2007 Report Share Posted August 5, 2007 BP been falling back again, now 554. Link to comment Share on other sites More sharing options...
drbubb Posted August 9, 2007 Author Report Share Posted August 9, 2007 BP been falling back again, now 554. and cheap enough to merit a closer look Link to comment Share on other sites More sharing options...
drbubb Posted August 9, 2007 Author Report Share Posted August 9, 2007 BP- $ quote ... update Here's a comparison: BP versus US crude oil (USO) and a Ratio: BP/WTIC BOT some Sep.2007 calls (in-the-money): Symbol -BPIL Description CALL BP PLC SEP 60 Action Buy to Open Call Quantity 10 Contracts Route INTERACTIVE BROKERS L.L.C. OType Limit at $7.20 Link to comment Share on other sites More sharing options...
DontPanic Posted September 23, 2007 Report Share Posted September 23, 2007 In contrast to the thread title are we near another BP sell point ? Bought at 536 on 13 Aug. Currently 592. BP has been struggling to stay above 600 this year and oil is at an all time high. Link to comment Share on other sites More sharing options...
drbubb Posted September 23, 2007 Author Report Share Posted September 23, 2007 In contrast to the thread title are we near another BP sell point ?Bought at 536 on 13 Aug. Currently 592. BP has been struggling to stay above 600 this year and oil is at an all time high. Good point. I'm out already with a nice profit on my calls. There are cheap oil plays out there, like PWI Link to comment Share on other sites More sharing options...
No6 Posted September 25, 2007 Report Share Posted September 25, 2007 In contrast to the thread title are we near another BP sell point ?Bought at 536 on 13 Aug. Currently 592. BP has been struggling to stay above 600 this year and oil is at an all time high. Things could be about to get shaky for BP if the closing market report's tonight are anything to go by. Digital Look BP also sank as boss Tony Hayward said third quarter revenue will be “dreadful”. He made the comments to employees in Houston, according to a report in the Financial Times. He is also said to have called it the worst performance since the early 1990s. ADVFN Elsewhere, BP slid 17 pence to 572-1/2 after the British energy giant's chief executive Tony Hayward told a meeting of BP employees in Houston the company's third-quarter revenue is set to be "dreadful", the Financial Times reported on Tuesday. Link to comment Share on other sites More sharing options...
No6 Posted November 2, 2007 Report Share Posted November 2, 2007 BP should announce dreadful quarterly results more often. It is up about 55p since it made that statement, today 8-1/2 pence higher at 627-1/2. Has to be a correction coming once oil falls back. Link to comment Share on other sites More sharing options...
jerpy Posted March 2, 2008 Report Share Posted March 2, 2008 BP should announce dreadful quarterly results more often. It is up about 55p since it made that statement, today 8-1/2 pence higher at 627-1/2. Has to be a correction coming once oil falls back. Once again BP has fallen back and is 8% down on the year, perhaps time for another bounce on the back of long term production commitments until 2020? Any views looks another rise on the cards? Riggers Link to comment Share on other sites More sharing options...
DontPanic Posted March 22, 2008 Report Share Posted March 22, 2008 BP less than 5 GBP again. Could go even lower if Russia tries to take back TKN-BP but anywhere < 5GBP is a good long term bet IMHO. Link to comment Share on other sites More sharing options...
No6 Posted March 22, 2008 Report Share Posted March 22, 2008 BP less than 5 GBP again. Could go even lower if Russia tries to take back TKN-BP but anywhere < 5GBP is a good long term bet IMHO. Seems to regularly trade between £5 and £6. It does look cheap, but do we know how much BP stands to lose if Russia carries on playing games over energy? Link to comment Share on other sites More sharing options...
No6 Posted March 28, 2008 Report Share Posted March 28, 2008 Now just above £5.00, looks cheap to me, but the news out of Russia is still a negative. Near its year low though and some way off its high. Anyone would have thought that oil is $40 a barrel looking at BP's share price. Link to comment Share on other sites More sharing options...
No6 Posted April 9, 2008 Report Share Posted April 9, 2008 Well, did anyone buy? I got in at 502, just about at the bottom of the last leg down. Rebounding nicely on the back of $109 oil. Link to comment Share on other sites More sharing options...
enrieb Posted April 15, 2008 Report Share Posted April 15, 2008 Chinese fund builds up £1bn stake in BP Last Updated: 2:23am BST 15/04/2008 http://www.telegraph.co.uk/money/main.jhtm.../15/cnbp115.xml Beijing's share-buying in Britain's largest company, which has so far reached nearly 1pc, is being closely watched by Downing Street. Katherine Griffiths reports A Chinese sovereign wealth fund has built up a stake of about £1bn in BP, in a move which has caused a stir within the British Government. The sovereign fund is understood to have quietly acquired the shares in the market over a period. It has accumulated just under 1pc of BP, which is the UK's largest company with a capitalisation of £104bn. A BP spokesman said: "We are aware of the Chinese holding and we welcome all shareholders." The Chinese fund has also built up a stake in France's oil giant Total worth about £1bn. Link to comment Share on other sites More sharing options...
No6 Posted April 19, 2008 Report Share Posted April 19, 2008 Not only have the Chinese been buying BP recently, they have been buying back their own shares. This week BP bought back for cancellation 2,600,000 ordinary shares at prices between 558.00 pence and 561.60 pence per share. Link to comment Share on other sites More sharing options...
No6 Posted April 22, 2008 Report Share Posted April 22, 2008 BP still buying back shares. BP bought back yesterday for cancellation 3,200,000 ordinary shares at prices between 568.00 pence and 579.50 pence per share. Link to comment Share on other sites More sharing options...
Crazy88s Posted June 16, 2008 Report Share Posted June 16, 2008 I have been holding about 7K worth of BP shares for about a year now. Considering these facts Price of oil going through the roof BP buying back shares Loads of cash Troubles re Texas refinery settling down and largly accounted for in balance sheet Why on earth is BP not rising? Any clues? Link to comment Share on other sites More sharing options...
No6 Posted June 16, 2008 Report Share Posted June 16, 2008 I have been holding about 7K worth of BP shares for about a year now. Considering these facts Price of oil going through the roof BP buying back shares Loads of cash Troubles re Texas refinery settling down and largly accounted for in balance sheet Why on earth is BP not rising? Any clues? It has had a good run recently, I sold out too soon, I doubt there is anything to be concerned about but often it takes a while for the market to come around to your way of thinking. Link to comment Share on other sites More sharing options...
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