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I would buy BP stock
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mBiaLoss
#1 Posted : Sunday, July 18, 2010 9:32:24 AM
Rank: New-farer

Joined: 6/23/2010
Posts: 52
Location: Majuu
look folks...If I had the money, I mean real money I will buy BP stock....dudes who have money are making a killing....they buy when everybody is selling....and sell when everybody is buying...I need money
As an investor I behave like a tick, patiently waiting on grass and larch onto the first cow that shows up. As an investor I dont behave like a tick...I jump off the the cow as soon as am fully engorged before it dies...
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cnn
#2 Posted : Sunday, July 18, 2010 10:06:26 AM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
Buy KK if it does fall.In any market there is money to be made if you seek out the opportunities.
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youcan'tstopusnow
#3 Posted : Sunday, July 18, 2010 10:53:41 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
You don't have to go that far. You had KQ when it was 20 or KENOL when it was 50. Or better yet when Safaricom at 3 bob? Did you buy them? (I didn't. In fact I bought KQ at 29 and sold lower) We have a tendency of 'noticing' opportunities when they are long gone. But I agree with you BP share price seems low. I don't think the Gulf spill costs will bankrupt it. It also could be a target for a takeover by other oil firms
GOD BLESS YOUR LIFE
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  | | Edit by user: Sunday, July 18, 2010 10:56 AM | Reason: Not specified
guru267
#4 Posted : Sunday, July 18, 2010 11:54:34 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@mBiaLoss please google this when you have time... "bp $100billion 15 years"
After you read tell me if the stock still looks cheap
Mark 12:29
Deuteronomy 4:16
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PKoli
#5 Posted : Sunday, July 18, 2010 7:56:19 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
@mBiaLoss,

That is a serious gumble. With all these oil spill issues aflicting BP, you must be a guy of serious nerves to buy their shares. Will you be buying for long-term or short term?
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mBiaLoss
#6 Posted : Sunday, July 18, 2010 9:12:57 PM
Rank: New-farer

Joined: 6/23/2010
Posts: 52
Location: Majuu
guru267 wrote:
@mBiaLoss please google this when you have time... "bp $100billion 15 years"
After you read tell me if the stock still looks cheap


The more scary news get out right now, the cheaper the stock becomes...that is why I would buy if I had the money...Seriously...BP is an example of too big to fail....Alot of pensioners in Britain have BP stock...so the British Government will never allow BP to fail...otherwise what will they do with all the pensioners....Look even if they pay $100b, it is over 15yrs....The Macondo well we now know has oil...lots of it it seems (estimates of about 3b barrels)...They have drilled 2 more relief wells, to kill the well and also to use it for future production....If we assume, they extract 80,000 barrels of oil per day, at the current price of $75 per barrel, then in 15yrs they will make $23b from that one well...The well will pay for itself and all the fines...But remember they will share the fines with the other two companies....
BP will survive...that is for sure...their stock right now is cheap....very cheap....because of the bad news...YES SO IF I HAD MONEY....I WILL BUY...by this next year the stock will double and I sell
As an investor I behave like a tick, patiently waiting on grass and larch onto the first cow that shows up. As an investor I dont behave like a tick...I jump off the the cow as soon as am fully engorged before it dies...
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mBiaLoss
#7 Posted : Sunday, July 18, 2010 9:25:05 PM
Rank: New-farer

Joined: 6/23/2010
Posts: 52
Location: Majuu
PKoli wrote:
@mBiaLoss,

That is a serious gumble. With all these oil spill issues aflicting BP, you must be a guy of serious nerves to buy their shares. Will you be buying for long-term or short term?


Remember CitiBank...On March 9th 2009 its stock was $1.02, dudes sold that stock like hell...panicking that the company was going bankrupt...lol...The bank was too big to fail...Some managers bought millions of shares at that low rate...On March 23rd 2009, the price was $3.31 and they sold their millions of shares and made millions....People cried that it was inside trading, but they nothing wrong, they bought the shares in the open market and solid in the open..They made money..lots of it...
So BP is a very good short term investment...I will not lose a dime in 6 months if I buy now...
As an investor I behave like a tick, patiently waiting on grass and larch onto the first cow that shows up. As an investor I dont behave like a tick...I jump off the the cow as soon as am fully engorged before it dies...
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young
#8 Posted : Sunday, July 18, 2010 10:01:39 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,074
Location: Lagos, Nigeria
@mBiaLoss

Your thoughts and reasoning are spots on.
But at USD37.00 at the moment I think you may be able to get it cheaper circa USD30.00 that will happen if the oil price slips to circa USD70.00, but it can go either way. Two weeks ago BP was as low as USD28.
Spending USD 100B over fifteen yes is a small fry from the expected receinue BP will make in 15 years.
There is no way BP will not reach USD 62.38 in US market but it ,may be longer than 6 or 7 months. I suggest a minimum of 1 year.

Your illustration of Citibank is absolutely right.

Just like GOK did not allow Uchumi (a supermarket) to go under the oil giant BP cannot be allowed to die because of pensioners funds.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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  | | Edit by user: Sunday, July 18, 2010 10:04 PM | Reason: Not specified
guru267
#9 Posted : Monday, July 19, 2010 12:24:52 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@mbialoss citibank and bp are actually very different... Citibank had interests of the general public who had their huge savings in it and hence it would have a great economic effect if it failed.... The pensioners you are talking about in BP are ordinary shareholders who know the risk of holding BP shares and the world would move on if BP went under..... This is the main reason citibank was saved with taxpayers money and BP would not be saved....
Mark 12:29
Deuteronomy 4:16
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mBiaLoss
#10 Posted : Monday, July 19, 2010 12:56:27 PM
Rank: New-farer

Joined: 6/23/2010
Posts: 52
Location: Majuu
guru267 wrote:
@mbialoss citibank and bp are actually very different... Citibank had interests of the general public who had their huge savings in it and hence it would have a great economic effect if it failed.... The pensioners you are talking about in BP are ordinary shareholders who know the risk of holding BP shares and the world would move on if BP went under..... This is the main reason citibank was saved with taxpayers money and BP would not be saved....


I guess you seen recently the British Government come out exerting pressure on the US gov to go easy on BP...It is political hot potato...for the British gov to sit by and watch BP go under...From some estimations other than the British Gov, BP is the second biggest supporter of pensioners in the UK....BP going under is a political risk no one wants to take in the UK
As an investor I behave like a tick, patiently waiting on grass and larch onto the first cow that shows up. As an investor I dont behave like a tick...I jump off the the cow as soon as am fully engorged before it dies...
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