earning up more than 30% on oil rise. Imagine that, rising oil raises profits, how novel. Given BP report yesterday, I thought a 30% rise in oil prices just keeps your earning flat. Those guys over at RDS should explain this concept to BP's mgmt.
Oh, and lets not forget, the DXY has cratered a ton since jan 1 and still BP gets nothing from it. Tell me again about how great the fundamentals for this company are and why they fundamentals trump shltty mgmt, pls?
Thanks. I suppose that would never work for me. I'm a small time investor, (sort of new as well), but from what I understand margins are borrowed funds from the broker, I have enough trouble watching my own $$s shrink sometimes, I wouldn't want to use borrowed money. I appreciate your help though, and good luck. Go BP !
Bp is compose of differnet groups. Bp plc is different than BPT , read this:
BP p.l.c. provides fuel for transportation, energy for heat and light, retail services, and petrochemicals products. Its Exploration and Production segment engages in the oil and natural gas exploration, field development, and production; midstream transportation, and storage and processing; and marketing and trading of natural gas, including liquefied natural gas (LNG), and power and natural gas liquids (NGL). This segment has exploration and production activities in Angola, Azerbaijan, Canada, Egypt, Norway, Russia, Trinidad and Tobago, the United Kingdom, and the United States, as well as in Asia, Australasia, South America, North Africa, and the Middle East. This segment also owns and manages crude oil and natural gas pipelines; processing facilities and export terminals; and LNG processing and transportation, as well as NGL extraction facilities.
BPT reserve oil to u.s.a
Prudhoe Bay Royalty Trust operates as a grantor trust in the United States. The company holds overriding royalty interests constituting a non-operational interest in minerals in the Prudhoe Bay oil field located on the North Slope in Alaska. The Prudhoe Bay field extends approximately 12 miles by 27 miles and contains approximately 150,000 productive acres. As of December 31, 2009, its estimated, net remaining proved reserves were 68.144 million barrels of oil and condensate, of which 57.077 million barrels are proved developed reserves, and 11.067 million barrels are proved undeveloped reserves.
Look at both stocks util we start drilling in the gulf, this bp plc stock will not move much.
I hope this help, I am an old employee.. and 30 year stock investor with them.....
I want to thank you, genuinely, for posting something useful on this board! Tell me something, while you're a past employee, what do you think of BP's present mgmt? I'm really curious to get the perspective of ppl who hv a basis with which they can compare.