Agree...seems like the dollar is leveling out...some doubt about June raise entering market now. Does appear to be strong tail wind for oil to go higher....and BP is long overdue for a big move to mid-30s.
Your posts are very welcomed... keep us posted. I have some dry powder... wondering if we break the channel down due to strong dollar...etc. so far still looks like a bullish channel.
No... seeking alpah is just a hodge podge of writers trying to get views. He doesn't mention cash position of BP which is what they are using to ride out storm... my opinion... if oil goes below $40 this summer or Fall for an extended period they will cut but it doesn't look like that will be the case.
Strong close....higher than average volume... I think this is finally doing what I thought it would do prior to Q release, but the consolidation took longer than I expected. If market holds up tomorrow it should have another good day...
crossing the 200 is bullish... also the 50 day will cross the 200 soon also... I expect this to run a little as positive technicals are strong.
I trade it... when should I sell my shares I got at $29... I have investment shares but am trading 500 shares on the move up and down...
Covering dividend is not only dependent on oil prices is where you are going wrong. They can (and have) sell assets...take debt...etc. to cover dividend. However, I agree that if oil stays low for extended period (into 2017) they will have to face the decision to lower dividends.
You really need to read more. Yahoo isn't letting me post the links... but there is an article in Investopedia titled "The Top 5 Positions in Stephen Schwarzman's Portfolio" (you just need to google it) ... based on filings I have looked at as of Feb/2016 he still owns those shares. I think Schwarzman has a successful path for years to come and I am long BX as well as HLT.
Thanks. Yup... M&A activity always good especially when valuations keep increasing as in HOT. Forces analysts to reconsider models...etc.
So..I am not an expert technical chart guy...but it is hard to not notice a couple obvious things with HLT. Wouldn't mind someone who is a technical guy to confirm... but what I see is this. I see a triple bottom reversal (obvious) which started the new up trend. I also see a cup with handle that looks very classic and almost picture perfect with regard to timing...rounding bottom...handle...etc. The only thing is that I believe the cup with handle is normally a continuation?? This would not be...but regardless, I think we are seeing the breakout of the handle now...could use more volume. Last...50DMA is leveling and beginning to rise...this will cross the 200DMA within weeks which would be very bullish.
Right, but I am talking about Schwarzman's personal account. I didn't realize BX still had a position in Hilton though good to know. The question is why does Schwarzman have his largest position of his personal account in Hilton? He probably knows the most about what they are doing or want to do... and decided to either keep or add to his position until it is now something like half of all he owns personally.