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BP p.l.c. Message Board

  • raman_ds raman_ds Sep 1, 2011 4:54 PM Flag

    BP's NAV $83 --buy if u have patience

    As per BOA-Merill..BP NAV ( assets- minus liabilities including $40 billion for spill fines) comes to 885 pence per share ( LON)
    1 ADR =6 share which means NAV is $83 per share (ADR).
    Today's price is at $37.70..

    There is huge valuation gap, totally un-warranted. Market doesn't like uncertainity and things BP-TNK relationship is in trouble ( it accounts for 25% of BP's profit), but thats total speculation.

    buy with both hands..these are facts..all uncertainities will be diminishing in next 2-3 months..

34.60+0.13(+0.38%)Nov 30 4:01 PMEST