NYSE:BP

BP PLC (BP)

43.73
-0.70 (1.58%)
as of Sep 29, 2026, 4:15:31 pm Market Open.
140 watching
0
BUY

(Market Call Minute) Expects asset sells to continue. Mexico is well resourced and it will grow moving forward. Thinks it will enter an exit-buying program.

TOP PICK
The Gulf of Mexico liability is getting close to a conclusion. There is a good possibility that the Russian joint venture will be sold off. These will lead to a substantial climb in the share price. 4.7% dividend.
PAST TOP PICK
(A Top Pick March 4/11. Up 0.30%.) Sold his holdings in the summer but at these levels it is probably fairly valued. In general, the super major oils have very little growth in them. Wouldn't buy this time.
DON'T BUY
(Market Call Minute.) Broadly speaking, he does like the super majors. Great resource bases and stocks are not that expensive. Attractive dividend yields. This one seems to go from one operational issue to another so this would not be his preferred name.
COMMENT
(Market Call Minute.) Recovered from a near-death experience. High oil prices is what is going to keep them going but they have a lot of infrastructure problems. What happened in the Gulf might be just the tip of the iceberg.
BUY
Had an excellent 3rd quarter. Dividend is almost 4% and is sustainable. There is now a much greater focus on the efficient use of assets. Fairly reasonably priced.
DON'T BUY
Because of their problems in their Gulf wells and Alaskan by, he is concerned that there may be further cockroaches. Feels this is a value trap.
BUY
Cut Their dividend so he thinks it is safe. Trades at around 7X earnings and at a discount to the group of large cap integrated oil companies. On their way to proving themselves again but will trade at a discount until they prove themselves out to the people. Good price.
PAST TOP PICK
(Top Pick Sep 21/10, Down 1.82%) Had a bit of a run and then had to right size their production. He made some money.
BUY
Doing a lot of joint ventures in Russia. Got a hair cut through gulf disaster. Thinks they will surprise to the upside. Thinks it’s cheap. This is a safe entry point. Thinks you might see $60.
COMMENT
Having problems with their joint venture in Russia accessing vast oil reserves in the artic. TNK joint venture wants to do it but BP feel they have the technology and want to make a separate deal with state owned Rosneft. A tribunal has ruled against the share swap deal. Now in a stalemate.
DON'T BUY
A month ago he thought the spike in oil above $100 was temporary, but since Japan, he feels oil prices will stay here this year. Doesn’t think the stocks are reflecting it. Wouldn’t own BP because of the litigation risk.
BUY
Still a great organization and now they are getting their act together on the environmental side. Well positioned. Still 4% yield.
TOP PICK
This had done what all the large caps have to do – shrink to grow. You look at the haircut they have taken due to the disaster in the Gulf and you have nothing to lose. CEO is doing everything right and has everything to gain and nothing to lose.
COMMENT
Transocean (RIG-N), Halliburton (HAL-N) or BP (PB-N)? Even though Transocean has recovered well in share price after the BP spill, thinks there is more opportunity for recovery with this one.
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