They may be cheap but do not come even close to BP's cheapness. At todays 36.93 price; the reserves are selling at 13,5/bbl and prod at $52000/b/d; and assuming no increase in prod; free cash flow multiple is 5.5
Agreed! I have 100% of my money in BP with margin maxed out! Just tapped my line of credit to buy more at 35.44! The divided will pay off my margin over time! For those who think I'm stupid and will get a margin call...most of my purchase was at 28.50! Holding onto this for life!!! And I'll pay back the 1/3 of my line of credit over the next 6 months! Merry Christmas came early this year!