While this stock and oil prices will bounce back at some point it is unusual to see the oil majors rise as crude continues lower.
Short term Position= short.
8 Billions dollars equals about 6 percent of market cap, which would equal About $2.45...today.
The buyback will occur over a 12-18 month period. While positive, I don't think this alone will propel it above 50.
Long stock, short calls
Sold 50 feb 1 puts yesterday @1.07, bought half back this am at .50. Rest will expire manana. Nice
Yes!! i see now!! Volitility is increasing moving foward. The stock is up and the puts are increasing.
but, what are you doing with the shares they issued a few months ago. Selling or holding. Will these be exchanged for new stock eventually? any help appreciated.
I would vote for Ron Paul, Rick Perry , Mitt Romney or Newt Gingrich. Ron Paul has the best platform, it just needs a little tweeking. but anything would be better than the anti business, "big government will protect us all " , Obama administration.
An options straddle I had opened had me short. I closed one side after they raised the dividend......at a loss. Long side still open.