Joy Global, Inc. Message Board

Oil in the US is north of $93/bbl and natural gas is north of $3.40. hard to see how BP doesn't make a pile of money at these prices. However, I took a big position when BP dropped to $40 a share. And, so far, it has not done as well as I thought. Still, I believe that $50 is not too far off.

Sentiment: Buy

Really? With earnings less than 1.50? You are postulating a P/E of 26 for a mature company like this in a slow economy? I think not

Sentiment: Sell