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Fidelity Select Gold Portfolio Message Board

eechicken 2 posts  |  Last Activity: Sep 8, 2015 9:13 AM Member since: Dec 10, 1999
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  • Reply to

    BP Chairman buys 1,000,000 shares

    by jimmy11105 Sep 7, 2015 5:26 PM
    eechicken eechicken Sep 8, 2015 9:13 AM Flag

    It is not options conversion.

    1 Share of BP ADR (US) = 6 ordinary BP shares UK Using the conversion ration: 1 Million ordinary shares = 166,666 and 2/3 shares ADR

  • (S)He is an obvious short. So much free time to post negatively about BP. (S)He keeps mentioning Russia seizing BP assets in Russia as if it is a done deal. Why not suggest something just as outrageous. Russia attacking Ukraine will lead to World War III. Stock market world wide collapse by about 50%. Another Great Depression takes place. The crazy theory applied is if (s)he keeps stating it, maybe it would come true?

    (Her)His price target downgraded BP from 25 to 15. Notice the 25 level has not taken place yet nor the Russia seizing of BP assets. How are things much worse now for BP than in the heights of Macondo incident where fears were escalated to uncapped liability and bankrupcy fears? BP's CEO stated that he believe oil prices would remain low for a while. So it would be really stupid if the company BP as a whole do not make preparations for this situation. FYI: Refinery profits look to be up this year vs last.

    My advise is to ignore the noise. Still sticking by my 40 price target in 12 months.


13.10-0.23(-1.73%)Nov 27 6:45 PMEST