filed in energy, financial services, google, internet services, politics and markets, technology on Jul.15, 2010
Today is the kind of day that investment managers such as myself love; lots of resolutions on multiple issues that have been holding back certain companies, stocks, and industries. Let me tackle each one briefly. BP: While it is nice to see the ruptured well capped without any oil spewing out, we have to keep [...]
filed in energy on Jun.17, 2010
Once the decline in BP plc (BP) stock reached 20% after the Gulf spill I was in the camp that felt that BP’s stock price drop was overdone given the oil giant’s financial strength. However, as the oil has continued to gush despite repeated efforts to stem the flow, BP shares have continued to fall, [...]
filed in energy on Jun.09, 2010
Shares of BP are getting clobbered again today, down to about $30 per share, or 50% since the rig explosion in late April. Today’s worries are being attributed to two stories. First, talk of a dividend suspension is not exactly new and even if the company did suspend dividends, or as I have suggested, paid [...]
filed in energy on Jun.02, 2010
The main reason value investors may be willing to take a stab at BP plc (BP) stock after a nearly 40% drop since the rig explosion is their financial strength. BP earns about $20 billion per year and has a net debt to capital ratio of less than 20%. Combine very profitable operations and a [...]
filed in energy on May.18, 2010
Last week Chesapeake Energy (CHK) announced a plan to increase shareholder value over the next 24 months by reducing the company’s net debt by $3.5 billion over that time. By doing so, the company hopes to attain an investment grade credit rating, something that has been out of the firm’s reach as it has accumulated [...]
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