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BP plc Message Board

Mistr_Hankey 4 posts  |  Last Activity: Aug 7, 2014 6:22 PM Member since: Apr 25, 1999
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  • Reply to

    you're not seeing the big picture

    by mistr_hankey Aug 7, 2014 4:31 PM
    mistr_hankey mistr_hankey Aug 7, 2014 6:22 PM Flag

    $80 million in contracts OVER THE PAST 3 WEEKS - don't twist my words please. And do you really think that no new contracts will be signed between now and 2015, much less 2026-2027? I get it, you're a troll/basher. I do it myself with some stocks. At any rate, I wouldn't call that nothing. And I really doubt that Chinese farmhands will be cruising around in shiny new Teslas any time soon. Lets be serious, at least for a post or 2.

  • I get that. All I am saying in that it provides at a minimum some scope and visability. You'll notice the stock has taken a beating, and all I am saying is that it is way over done. For instance, if you had read the press release, since mid-July, 3 weeks ago, they had signed almost $80 million in new contracts.
    When you say "many, many years", I think we are talking 3-5 years at most - not exactly my definition of "many many". In addition, the world's thirst for petroleum products, to include nat gas and oil, isn't going away any time soon. One thing one must consider is that over 50% of the world's new reserve discovers were made in the oceans of the world, with most of those in deep water. Too many people think that fracking is going to do away with deep water drillers. It's insane to think such a thing. We get about 1 mbd from shale, which can be ramped to 2 million when necessary and feasible. The world uses about 87 million barrels every day. In short, the selling is way way over done.

  • mistr_hankey mistr_hankey Aug 7, 2014 3:16 PM Flag

    I knew this was going to happen. RIG is like a really bad game of blackjack: I was dealt 21 by buying this stock, as it blew out earnings and really is a good company, but somehow still lose to the house. I am a strong buyer in the $37s or so.
    The funny thing about RIG, something that you can't say about any other industry, is that there is undeniable visabiity in that you know how much they are going to make based on their backlog. They have 2 1/2 years revenue booked, as of right now. How can anyone, especially a so-called analyst, say that things look bad, when a company has signed contracts stating how much they are going to make? It's simply bizarre.

  • RIG could blow out the est. by double, double the divi and say that things have never been better - this market has already decided what the price of RIG will be, and the shorts are going to pile on. I have been holding back adding more until this very day, when the price tanks at the release, and I am going all in.

    The fix is in folks, and there ain't nuthin any of us can do about it. Fretting won't work - fretting? nope. Just place your bets here and get ready for the dumb #%&$ to flow.

BP
48.18+0.26(+0.54%)Aug 26 4:02 PMEDT

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