This is the stock to buy on higher oil prices -- talking numbers !
Great video for the weekend see on yahoo finance .well boys we did finish well up over 1 pct and oil couldn't of finished ang stronger were going up from here and I don't know about you but iam going to enjoy the ride first to $100 then as the video says if we go to 114 then the stock could go to $153 I believe was the price the analyst quoted!
Most analysts are in the $120 range for breakup value. Plus there is no consensus on how the company would be divided. The stock also trades at a very high multiple for an oil company and the majority of this company is oil production. The chemical company is small and midstream is not that large. The chemicals are also commodity products which trade lower than specialties. In order to get those fantastic numbers you would need to expand earnings and the PE greatly. I am long the stock because I like it over the long run, but in no way think we will see $153 in the near future.
I heard a $157 number from jim kramer quoting a bank of america person and then he comes back and says $120 on a lightning round.... Every year the dividend goes up so it isn't a big deal to hold for a long time.... I noticed the augest options have went down a bit that may indicate that nothing is expected between now and then and they were trading up on hype..