Be interesting to see how much it doinks around the 50 and 200 DMAs before finding a direction. Been flatlining for about a month now.
I'm not cherry picking anything. I'm well aware of the long term performance. I'm looking at the last swing. It was your title that read :"another day...". If you have been disappointed with bp for so long maybe you should have moved on already. You know what the issues are. Stop complaining and move on. I mean seriously, if you dumped a stock because you thought the CEO looked like Obama, you should not have any issue dumping bp due to performance.
Please explain. Using yahoo adjusted closing prices from the March lows to the recent high bp is up over 15%, XOM ~ 7%, CVX ~10%, COP ~ 14% and RDSA ~11% whereas OIH was up ~ 22% and USO etf was up ~29%. Crude looks like it was up 37% using closing prices. I don't see where bp is out of line with the other majors at this point.
Sure it wouldn't have the reverse effect? In 2014 GoM was about 24% of bp net crude production (206 of 844 mbpd) and about 11% of total prod (206 of 1823 mbpd if you include bp share of equity-accounted prod (Rosneft, etc.) This does not account for gas, ngl, etc. just crude. All US crude production was 347 mbpd for 2014 or about 60% of bp's crude prod.
Does anyone know exactly what BPXP represents? Is it the just the GoM or is it all US including L48 onshore and Alaska (typically known as BPXA)?
Maybe that's why her logo points to the right. After all:What difference at this point does it make?
All about corp bonds. Here's the summary:
•With the plunge in oil prices, the default probabilities of BP PLC have moved up, especially at shorter maturities. 10-year cumulative default risk has risen 0.81% to 2.30%.
•The firm's implied credit rating, estimated statistically to mimic legacy rating agency behavior, is at its lowest level in a decade.
•Of the 265 heavily traded fixed rate non-call corporate bonds on April 6, 169 offered a better ratio of credit spread to default probability than the best BP PLC bond.
So as one reader commented, there is a 97.7% likelihood these bonds won't default.
Since this is all based on the low oil price scenario, it would be interesting to see the comparison to other majors.