This stock performed exactly the way I said it would perform. When the stock was at $59 the board actually believed it was going to $64. If you did your homework, you would of been way ahead of the game.
The problem with the markets is we keep raising target prices.
There was no need to try to push this company to $64 on $ 4 of earnings. I persoanlly dont care about VLO, but I do care about clean fuels. If every company meets this standard I thing VLO can do the same thing. Cost to come on board with the rest of the refinery industry is $3 billion to start. I do not like companies that book $250 million in good will as profit. This company sold everything they could sell. You made your money and you were a bit to greedy. Do not blame me...blame you. That is the real problem with america, no one accepts the consequences for thie actions.
You think you got it right, but when you are wrong it is always someone leses fault. Start getting it right...own it
They will not meet EPA standards for 4th quarter heating oil or desiel
Cost is 3 billion
WTI is falling to fast because OPEC wants to break $70 a barreel and drive out US competition and Canadaian sands competition
No way to hedge this one
therefore sell short
enjoy the trade I have been shorting hard since yesterday this one
TSO booked their profit differently but they still have to spend 3 to 4 billion to meet epa standards.
They could have a $10 loss this quarter
You have been lied to
Cost of QE $56 k for every american household..............and your healthcare doubled..............thank the Democrats when you vote them out
They kept no retained earnings and they pumped the day lights out of this stock. 3 billion in upgrades to meet EPA standards and booking 250 million in goodwill as profit 2nd quarter killed them and killed those that bought it
And they are going to lose 7 this quarter
Because of the cost to meet EPA standards
They will never complete by the time winter heating oil is needed
Price target $10
BP has been directly involved in several major environmental and safety incidents. Among them were the 2005 Texas City Refinery explosion, which caused the death of 15 workers and resulted in a record-setting OSHA fine;
total cost was 2 billion.
BP unjustifiably failed to comply with well-established industry standards for safe operations in process safety management in order to save money, and at some point management itself should be forced to answer for it," #$%$ said in a prepared statement.
someone said $38 is a good point of entry..............not even closes...............$18 billion is 6 to 8 bucks a share
Final settlement in the damage phase will be close to 30 to 40 billion..just ask Obama
Take another $15 dollars off the share price. BP was a 100 billion dollar company......the blood in the water will stop around $25...it will take them 10 to 30 years to recover. I liked the company for the longest time...I made alot of money...I bailed
Like I said the EPA has put up sensors all around VLO TSO and other US refineries.......when those alarms sound.........from flaring or benzene or some other chemicla....look out below. None of these refiners could afford to pay what BP is about to pay...derailed trains...deaths.....I finally figured out why the big oils got rid of some of these refineries......the ROI is not worth the risk
another Great headline is Russia, Ukraine Working on Cease-Fire Plan
Why does Russia have to work on a ceasefire if their troops are not involved?
Bottomline, the Ukraine is part of Russia, the Ukrainians will never stop fighting the Russians and their Government will fall and become Pro Russian.
The us has been living for 25 years on Reagons achievements, its over. Remember the cold war.
Nato is the enemy of Russia, the truth is when Russia collapsed, Nato should have been dissovled. Instead Nato had a 25 year expansion. What would the US do if Mexico fell to the communists and Canada turned communists. Obama says the US will defend the Baltic states. I think the people need a say in this matter.
This will be the end result. The Ukrainians should put a deal together with the Russians, In two years we will have a new President. Great Britain will have a new leader, so will Canada France and Germany and for that matter Putin may be gone also. We the people of humanity have final say. Not 7 people who think they rule the world
I said this company lost $5 a share last quarter. Helloooooo they never accounted for the $3 billion to 4$ billion now upgrade to meet EPA standards. You deserve to drop another 10 points.
Russia is not going away
Yes their will be war
Stop being so arrogant that you really think your money means something
You are about to lose every penny on this company
Get out of the market now
They will nuke Keiv in order to avoid war.
Markets do not like nukest