• 4 minutes Is $60/Bbl WTI still considered a break even for Shale Oil
  • 7 minutes Oil Price Editorial: Beware Of Saudi Oil Tanker Sabotage Stories
  • 11 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 15 minutes Wonders of Shale- Gas,bringing investments and jobs to the US
  • 8 hours Adsorbent natural gas tanks are revolutionary.
  • 2 hours Visualizing How Much Oil Is In An Electric Vehicle (Hint: a heckuva lot)
  • 7 hours Apartheid Is Still There: Post-apartheid South Africa Is World’s Most Unequal Country
  • 8 hours Evil Awakens: Fascist Symbols And Rhetoric On Rise In Italian EU Vote
  • 46 mins Total nonsense in climate debate
  • 11 hours IMO2020 To scrub or not to scrub
  • 4 hours Theresa May to Step Down
  • 23 hours Look at the LONGER TERM bigger picture of international oil & gas. Ignore temporary hiccups.
  • 16 hours IMO 2020 could create fierce competition for scarce water resources
  • 1 day Apple Boycott in China
  • 1 day IRAN makes threats, rattles sabre . . . . U.S. makes threats, rattles sabre . . . . IRAQ steps up and plays the mediator. THIS ALLOWS BOTH SIDES TO "SAVE FACE". Then serious negotiations start.
  • 1 day Australian Voters Reject 'Climate Change' Politicians
  • 4 hours BBC: Proposal to spend 25% of EU budget on climate change
  • 10 mins Some Good News on Climate Change Maybe
Alt Text

Should Chevron Walk Away From The Anadarko Deal?

Chevron and Occidental are facing…

Alt Text

What Beijing’s Retaliation Means For Oil

China has fired back against…

Mad Hedge Fund Trader

Mad Hedge Fund Trader

John Thomas, The Mad Hedge Fund Trader is one of today's most successful Hedge Fund Managers and a 40 year veteran of the financial markets.…

More Info

Trending Discussions

The Buyers Pour Into BP

What has been one of the best performing stocks for the past week?

Good old BP (BP), which clawed back an 18% pop off the bottom, a 13% gain from my "buy" call at $29, against an 8% plunge in the stock market, giving you an impressive relative outperformance of  29% (click Here for "Is It Time to Buy BP" ).

Those who heeded my advice and bought the pariah stock can now reach into your inner wimp and book a three week profit. I suspect, though, that if you're a BP player at this level, you are anything but a wimp and are in possession of a pair of brass balls.

It turns out that all of a sudden, the world wants to buy this company while there is blood in the street and oil on the water. My old clients, the Kuwait Investment Authority (Hi Walid!), and at the Abu Dhabi Investment Authority (Hi Ibrahim!), already big owners, have expressed an appetite.

So has that well known value stock player, Libya, where BP is the biggest foreign producer. Other sovereign buyers from China to Singapore to Saudi Arabia have been lining up, as well as a bevy of US hedge funds.

The company announced that it had no need for a secondary equity issue, taking a lot of selling pressure off the stock. It turns out that half the oil that is reaching the surface is evaporating because it is so light.

Surprise, surprise! The formula is simple: C8H12 + H2O + NaCl + O2 +hv = lots of happy oil men, environmentalists, beachgoers, and shareholders. That cuts the potential liability a lot.

This is still not for widows and orphans, who already extensively own it in England much higher up because it was such a "safe" company. Guess what the next big headline for this stock will be?

They cap that sucker, which could happen in a matter of weeks in a best case scenario. That would make the stock soar to $40 or more. If you are worried about the morality of making money from this predatory company, you can always donate your profits to a "Save the Whales" campaign.

BP Share Price

Courtesy: Mad Hedge Fund Trader




Download The Free Oilprice App Today

Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News