- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
BP drop watch thread
Posted on 12/10/14 at 9:13 am
Posted on 12/10/14 at 9:13 am
4
Posted on 12/10/14 at 9:15 am to white perch
Losing the appeal has nothing to do with the drop IMO. That was already priced in for the most part; no one thought they would win.
Look at all the majors. BP is actually not dropping as much as some of them. I'd take a hard look at CVX if you are looking at long term here. Hard to pass on a 4% yield with this price
Look at all the majors. BP is actually not dropping as much as some of them. I'd take a hard look at CVX if you are looking at long term here. Hard to pass on a 4% yield with this price
Posted on 12/10/14 at 9:20 am to white perch
Concerning oil and oil services, Marathon Oil and Haliburton are tanking at a much faster rate than BP.
MRO, HAL
MRO, HAL
Posted on 12/10/14 at 9:22 am to white perch
LINK
quote:
Thousands of BP's global work force of around 84,000 are expected to lose their jobs, sources said.
Posted on 12/10/14 at 9:26 am to TigerTatorTots
What about COP? Strong dividend 4.3% and also on sale right now
Posted on 12/10/14 at 9:32 am to 704Reb
quote:currently the best buy right now IMO.
What about COP? Strong dividend 4.3% and also on sale right now
See "Time to buy some XOM" and the "Stock Watch Thread" for more on COP. I'd link but they are both on the first or second page.
Posted on 12/10/14 at 9:36 am to TigerTatorTots
I wouldn't count on ANY energy companies to continue paying a dividend if current oil prices keep dropping.
Posted on 12/10/14 at 9:36 am to 704Reb
quote:COP is awesome, I'd lump them in with CVX, XOM, and RDS
What about COP? Strong dividend 4.3% and also on sale right now
Posted on 12/10/14 at 9:38 am to I Love Bama
Are you saying that they will eliminate the dividend? If so, I will be polite and say I disagree.
Posted on 12/10/14 at 9:38 am to I Love Bama
Just sharing info on BP i just read
Jennings biofuel plant to close
60 workers could be affected at BP ethanol facility
By Ken Stickney
British Petroleum will close its biofuels plant in Jennings, the company confirmed Tuesday, as employees worldwide await the oil giant’s plans for the rest of the decade, to be revealed Wednesday in London.
About 60 BP employees and some contract employees work at the Jefferson Davis facility, which BP purchased along with a second facility in San Diego from Verenium as part of a $98.3 million deal in 2010. The Jennings site, about 35 miles west of Lafayette, was part of BP’s effort to develop “next generation cellulosic biofuel technologies from agricultural waste.” In Jennings, that meant developing ethanol from sugar cane waste.
As part of the 2010 deal, BP hired the scientists and technologists connected to the Jennings plant.
BP spokesman Jason Ryan said Tuesday that the plant staff had been informed of the company’s decision to shift focus away from development of ligno- cellulosic ethanol technology.
“While we believe there is value in the LC technology, we have chosen to focus our biofuels investment on building the profitability and scale of our sugar cane biofuels business in Brazil and associated activities,” the company said in an issued statement.
In addition to the demonstration plant in Jennings, the decision also affects BP’s sites in San Diego, a Highlands feedstock farm in Florida and some activities in Brazil, the company said. The company will try to sell those properties. “We are committed to sup¬porting our staff through this process and informing them of their individual positions as soon as we are able,” Ryan said.
The facility is expected to close by the end of the first quarter of 2015.
BP employs 630 people in Louisiana at six sites, including the BP Biofuels plant. It also operates the Houma Heliport, the point of departure for BP employees and contract workers traveling to offshore rigs.
BP cited low oil prices as a factor behind its decision to contract its business.
Jennings biofuel plant to close
60 workers could be affected at BP ethanol facility
By Ken Stickney
British Petroleum will close its biofuels plant in Jennings, the company confirmed Tuesday, as employees worldwide await the oil giant’s plans for the rest of the decade, to be revealed Wednesday in London.
About 60 BP employees and some contract employees work at the Jefferson Davis facility, which BP purchased along with a second facility in San Diego from Verenium as part of a $98.3 million deal in 2010. The Jennings site, about 35 miles west of Lafayette, was part of BP’s effort to develop “next generation cellulosic biofuel technologies from agricultural waste.” In Jennings, that meant developing ethanol from sugar cane waste.
As part of the 2010 deal, BP hired the scientists and technologists connected to the Jennings plant.
BP spokesman Jason Ryan said Tuesday that the plant staff had been informed of the company’s decision to shift focus away from development of ligno- cellulosic ethanol technology.
“While we believe there is value in the LC technology, we have chosen to focus our biofuels investment on building the profitability and scale of our sugar cane biofuels business in Brazil and associated activities,” the company said in an issued statement.
In addition to the demonstration plant in Jennings, the decision also affects BP’s sites in San Diego, a Highlands feedstock farm in Florida and some activities in Brazil, the company said. The company will try to sell those properties. “We are committed to sup¬porting our staff through this process and informing them of their individual positions as soon as we are able,” Ryan said.
The facility is expected to close by the end of the first quarter of 2015.
BP employs 630 people in Louisiana at six sites, including the BP Biofuels plant. It also operates the Houma Heliport, the point of departure for BP employees and contract workers traveling to offshore rigs.
BP cited low oil prices as a factor behind its decision to contract its business.
Posted on 12/10/14 at 9:46 am to TigerTatorTots
quote:
Are you saying that they will eliminate the dividend? If so, I will be polite and say I disagree.
If Oil drops to $40 a barrel how can they not?
Posted on 12/10/14 at 9:49 am to I Love Bama
The big guns like CVX and XOM have GROWN their dividend every year for 30 years. That encompasses the oil crisis of the 80s and 2008. GROWN their dividend. To think that it would be completely eliminated is even more far fetched than BELOW $40 oil
Posted on 12/10/14 at 9:57 am to bayoubengals88
Oilfield services & drillers have been getting hammered these past couple of weeks... I have been watching Nabors Industries for quite some time, and the lower the price drops the more and more attractive the stock becomes.
NYSE:NBR
NYSE:NBR
Posted on 12/10/14 at 10:05 am to Blue Horseshoe
What's everyone's number on BP to jump in (and why)? Obviously this would be for a long term investment. Or are you too skeptical to buy? I was thinking anything below $40 was a steal a couple of weeks ago.
This post was edited on 12/10/14 at 10:06 am
Posted on 12/10/14 at 10:09 am to TigerTatorTots
quote:Yes. At the very worst, dividends will cease to grow. The chances of a dividend being eliminated by XOM or CVX is zero. zero.
The big guns like CVX and XOM have GROWN their dividend every year for 30 years. That encompasses the oil crisis of the 80s and 2008. GROWN their dividend. To think that it would be completely eliminated is even more far fetched than BELOW $40 oil
And the chance that the dividend will decrease is extremely slim.
I'll eat all the crow if I'm wrong.
Posted on 12/10/14 at 10:45 am to TigerTatorTots
People will get rich off these stocks in a year or two if they buy at these discounted prices. All will be up 15-20 dollars a share at that time compared to today prices.
This post was edited on 12/10/14 at 10:46 am
Posted on 12/10/14 at 11:01 am to GBPackTigers
I'm about to seriously load up on CVX
Posted on 12/10/14 at 11:16 am to yellowfin
Oil will keep dropping. I'm waiting a bit before i jump in.
Posted on 12/10/14 at 11:18 am to bayoubengals88
quote:
Yes. At the very worst, dividends will cease to grow. The chances of a dividend being eliminated by XOM or CVX is zero. zero.
And the chance that the dividend will decrease is extremely slim.
I'll eat all the crow if I'm wrong.
Intresting.
Posted on 12/10/14 at 11:32 am to bayoubengals88
quote:XOM already increased its dividend in 2014, in May, by almost 10%.
And the chance that the dividend will decreas
It WILL increase its dividend in 2015 but probably not by as much as in 2014.
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News