BP is gonna make more than 20 billion this qtr. They might make more than 30 billion if a barrel of oil stays where it is. If people drive this summer, that's going to continue for another qtr. So in the next 4-6 months, after BP makes 40-60 billion in profits, and has already shed some of its nonprofitable areas and collected more $, I see them paying off all this, with LOTS of money left over, and better off than they ever have been. You can talk all the issues you want, this thing makes $. One way or another after all the issues get settled, it's still gonna make $.
That's why it should be trading at 60+ right now. You all know it's true...
Heck, what is this thing trading at? Like 6x forward P/E? Anyone tell me that BP doesn't have enough holes tapped to be able to lay off everyone, contract out the current day-to-day operations of their existing wells, convert the company into a royalty trust and just payout the revenues until all the oil is used up? I'm sure they have enough for more than 6 years worth of production and this price is assuming they don't become a trust. Of course they won't but this shows you how ridiculously cheap they are!
It's a shame BP didn't buy a ton of their stock when it was under $30 a share because the stock appreciation would have financed the entire cost of the spill!!!hahahahaha Just sayin!
Its not about them making money fool. If it was, the stock would ALREADY BE MUCH HIGHER. Its about shlty mgmt, and a company being run like crap. People hv no faith in it and are not being compensated appropriately for the risk of holding it at a higher price! That is why the stock is down, and will stay down.
Do you honestly think u knkow something the rest of the street can't figure out? you really think ur the only one who can figure out how much BP is gonna make? are you really this stupid???????? this stock is down for reasons that you simply will not acknowledge, and it will stay down until they are acknowledged and fixed. Its not rocket science except to dreamers, cheerleaders and fools.
WELL, LET'S SEE.
YOU SAID IN ONE POST "THEY'RE GONNA MAKE $20 BILLION."
NEXT POST, "OOPS, I MEAN FIVE."
NOW, THEY STAND TO BE FINED AN -- ADDITIONAL -- $20+ BILLION, BESIDES EVERYTHING THEY HAVE PAID OR ARE GOING TO PAY.
ACCORDING TO YOU, THAT'S SIX MONTHS' TO A YEAR'S "MAKE."
EVERY CENT OF IT GOING AWAY FROM OPERATIONS, AWAY FROM EXPL.ORATION, AND HANDED OVER TO UNCLE MONEY.
MEANWHILE, WHAT ARE BP'S COMPETITORS DOING ? A LOT BETTER THAN BP !
SO, NO -- I GUESS THE PEOPLE WHO THINK BP IS ONLY WORTH $40-ODD AREN'T MENTAL.
GUESS THE JURY'S STILL OUT ON YOU, THOUGH......
they will make 5-10 billion total in this qtr and next. The point remains the same. With the price of oil where it is, profits are very high. The costs of drilling are not going to rapidly increase with the rising cost of oil in the future either.