British Petroleum and the drilling companies
I have done nothing other than look at the summary financial statements of BP, but on paper they look undervalued. The mess in the Gulf of Mexico, however, will be costing them considerable amounts of...
View ArticlePrediction: BP vs. Drillers
I have now been asked by many different people about the valuation of BP. My response to them is the same as before: “I would not bother thinking about this [buying shares] until BP has cut their...
View ArticleBP – When to exit?
Earlier, specifically on June 16, I stated the following about BP: For people that insist on getting into BP, the next couple weeks should be a good time. The exact timing in terms of price is an...
View ArticleThe BP Saga is nearly over
The US government yesterday now allows drilling applications to take place in the Gulf of Mexico. There will be increased scrutiny with respect to contingency plans that will make the already expensive...
View ArticleA minor follow-up on BP
I note that BP (NYSE: BP) traded as high as 44.37/share – I had projected during the brunt of the Gulf of Mexico oil spill that BP would likely rise to about $42-$47/share by the end of the year. It’s...
View ArticleReviewing track record of IPOs and other matters
Now that I have been thinking about some IPOs that I have covered in the past, we have the following: Whistler Blackcomb (TSX: WB) – I stated in an earlier article that this is one to avoid and I might...
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