STOCKCHASE

(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.

2012-01-31

BUY

42.480

Gavin Graham

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.

2011-11-18

DON'T BUY

43.100

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.

2011-11-10

BUY

44.000

Paul Harris, CFA

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.

2011-11-07

PAST TOP PICK

36.430

(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.

2011-09-28

BUY

45.910

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.

2011-04-20

Comment

45.540

Richard Fogler

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.

2011-04-14

DON'T BUY

44.780

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.

2011-03-29

BUY

43.770

Don Reed

Still a great organization and now they are getting their act together on the environmental side. Well positioned. Still 4% yield.

2011-03-15

TOP PICK

48.560

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.

2011-03-04

Comment

47.130

Gordon Reid

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.

2011-02-02

DON'T BUY

43.750

Rick Stuchberry

Has not being playing the big oils. He wants to get paid while he waits. He has played the Canadian trust markets. You get the same benefit in a trust if the price of oil goes up. If you like crude for the long pull, this stock has been taken out behind the woodshed. There’s trading opportunities. He would invest in something that gives good cash flow and good upside because if the market goes sideways and you are in something that doesn’t yield too much, you are better in an integrated.

2010-12-16

DON'T BUY

43.430

David Burrows

Doesn’t want anything with a potential big problem.

2010-12-13

DON'T BUY

42.030

Karl Berger

Has not felt there was an opportunity in the last 6 months based on their challenges. Too risky for his style of investing.

2010-11-19

DON'T BUY

43.530

A damaged company and probably undervalued here. The liability is still pretty open-ended and will be for quite some time. There are so many better oils that don’t have their problems.

2010-11-09

DON'T BUY

43.790

If you are bullish on oil, there are plenty of in there names. You would be throwing a number of other risks onto the investment that you don’t need. Prefers Transocean if you want to play the gulf

2010-11-05

DON'T BUY

39.290

David Burrows

He tries not to buy broken companies hoping that they will get fixed. He prefers companies that are good and are getting better and that have the fundamental characteristics and numbers that support this and that the market supports it as well.

2010-09-28

DON'T BUY

38.710

Christine Poole

Wants more clarity on how the whole situation in the Gulf will unfold. There will be more reports in December and into next year.

2010-09-27

TOP PICK

38.590

Controversial but thinks it's time. Basic company and thesis remains intact. Some of the best oil/gas leases anywhere in the world. Will increasingly be a “go to” name. Can see 35%-40% upside.

2010-09-21

DON'T BUY

38.180

Ara Nalbandian

Since the spill, stock has recovered significantly partially because of oil prices. Situation will continue to have an overhang. Company is selling off about $30 billion in assets to pay for their liability but that could go up to 45 billion in the case of gross negligence.

2010-09-15

DON'T BUY

38.020

There is risk in the stock market, risk in oil prices and oil stocks are cheap, so why throw the additional risk of litigation on top of this.

2010-09-09

DON'T BUY

38.370

Don Lato

Cheaply valued but would avoid until controversy is well behind them. Safer way to play this area would be the rig operator, Transocean (RIG-N).

2010-09-08

Comment

38.370

Ron Meisels

Had a dead cat bounce because it sold off so tremendously and then people thought it had been oversold giving it a bounce followed by a correction. Thinks there is a little bit more on the upside, maybe towards $44. Use of $34 stop loss. For traders only at this stage.

2010-09-08

DON'T BUY

37.190

It’s tough enough in non-controversial oil companies. Adding the controversy is a layer he doesn’t need.

2010-09-07

TOP PICK

34.830

You’re sitting listening to all the headline risk. With the US court system, it will be years, probably 12. Thinks risks are overblown. Gulf of Mexico is only 10% of cash flow. There’s been no impact on aggregate cash flow to Gulf Coast businesses from the spill. They have been flat year over year. BP are strong fundamentally. This is one of the great energy companies.

2010-08-31

DON'T BUY

40.680

The legal system in the US can have completely incalculably consequences. If they are found grossly negligent, every fisherman in the Gulf will sue them.

2010-08-05

DON'T BUY

40.680

Brooke Thackray

We are only up to 2009 levels. There is a huge liability risk. We are talking about the States so there is no way to estimate the liability.

2010-08-05

DON'T BUY

38.000

Colin Stewart

Equity market overreacted and the stock sold off more than would be justified by the potential economic loss. Difficult to assess the political risk in the US.

2010-07-27

DON'T BUY

38.650

Christine Poole

This is a tricky one. They generate a lot of cash so expect they can manage even with the fund they have put aside for the Gulf disaster. The bigger question is what are they eventually going to have to pay out. Not a prudent investment. Too early.

2010-07-26

DON'T BUY

36.860

On the basis of earnings it is trading a little bit cheaper than the rest of the group. All oil stocks have gotten cheap lately. Wouldn't own this one.

2010-07-23

WAIT

35.200

Barry Schwartz

If containment cap holds and seabed is ok, not seeping, then it is a screaming buy. Wait until things have been contained.

2010-07-20

DON'T BUY

36.180

Gordon Reid

The culpability of any financial and environmental responsibility will rest with them. This is a huge unknown.

2010-07-14

DON'T BUY

36.880

Benj Gallander

(Market Call Minute) You have to be gutsy. Too expensive for him. High risk.

2010-07-13

WATCH

28.740

Paul Harris, CFA

Stock will move based on a lot of the news around it. Did the right thing by not paying their dividends. Think they will pay out less on the Gulf spill than people expect and will take them a longer time than people expect. Once the bashing by the US government stops, the stock will probably base here and probably go up.

2010-06-24

Comment

31.850

Randy LeClair

Bonds. Doesn't follow this one closely but with common share dividends being suspended for 3 quarters, this gives more protection to the bonds. Believes they have held their credit rating so far. If you want some risk in your portfolio, this is probably a solid player that will come back.

2010-06-16

DON'T BUY

31.400

Brett Hryb

A really challenging stock. Cash flow generation and earnings ex the Gulf is great and is more than enough right now is more than enough to cover expected expenses of the spill. However, headline risks continue to accelerate. Would be extremely cautious.

2010-06-15

Comment

30.670

Barry Schwartz

Not an investor's stock, a traders stock. A smart idea would be to buy some options on it.

2010-06-14

Comment

30.670

Richard Croft

130% of implied volatility indicating they could go bankrupt. January $30 Calls were trading at $6.85 and Puts at $6.60, a 7 month option, which adds up to $13.45. So trading range between now and January is somewhere between $43 on the upside and $17 on the downside. This range is the risk. Will they be available to afford the cleanup? If you think they will survive, look at Covered Calls. A July Call now is about $4 giving you downside protection to $26.67. Alternatively you could buy a Straddle

2010-06-14

DON'T BUY

32.780

Eric Nuttall

Fell 15% yesterday and bounced 12 today. BP has been destroyed. It’s at about 4.5 times earnings and assumes a dividend cut. BP is responsible for 1 in 8 dollars of dividends handed out in the UK. Hearing they could declare bankruptcy in the next month but he thinks it is unlikely. It’s just a day trader’s paradise. Could rebound 10-20% when they complete the relief wells.

2010-06-10

SELL

29.200

Jeff Parent B. Eng. FCSI

May 27th there was a 7% rally. It does not look like a good chart. It doesn’t look like there is a bottom. Don’t try to get in at the bottom. When it opens significantly lower than the previous day's close, that is very negative.

2010-06-09

DON'T BUY

34.678

Benj Gallander

Gulf disaster wont be the nail in the coffin. 1/7th of dividends in FTSE-100 was from BP. He likes to see stability before he buys in. Doesn’t think company will die. If it got below $25 he would be interested.

2010-06-08

STRONG BUY

42.950

Huge environmental disaster and total liabilities could stretch into the billions but this is where it creates opportunity.

2010-05-28

BUY on WEAKNESS

45.270

Paul Harris, CFA

(Market Call Minute.) Have taken off $25 billion of market cap, which is far more than what it will cost them. Yields 6% with a PE of 6 or 7.

2010-05-19

DON'T BUY

45.380

Ron Meisels

Don’t go bargain hunting when it reacted to this kind of bad news. Don’t be there - get out.

2010-05-18

Comment

50.990

Typically when there is a disaster, like the oil spill, the market sells first and asks questions later and tends to overdo it on the down side. Not sure if this is at the bottom or not. Has come up on his radar. Great dividend.

2010-05-05

DON'T BUY

57.230

Barry Schwartz

Have a big problem in that reserves are dwindling and they need to make some significant acquisitions. Would prefer Canadian Natural Resources (CNQ-T) or Suncor (SU-T) where he can see the reserves and they will be growing over time.

2010-03-24

DON'T BUY

54.240

(Market Call Minute.) Has some really concerns about their aging infrastructure. Requires major investments

2009-09-23

BUY

51.880

Good value with international diversification.

2009-08-24

BUY

46.134

Starting to warm up to this. When things are speculative as they have been lately, you will get your biggest move in your pure producers. Later on big international integrateds, like this one, will start to catch up. Good for a long-term investor. 7.3% yield.

2009-05-06

BUY

39.400

Michael Yoshikami

Dividends in the energy sector are pretty resilient and are likely to stick around. Oil in the next 3 or 4 years is likely going to be higher.

2009-03-20

BUY

47.750

Hasn’t owned for some time because they were disappointing in finding reserves. Stock has come off so much that is probably due for a short-term rally. Oil price looks like it has been overdone in the near term. Wouldn't look beyond 3 months.

2008-12-15

TOP PICK

47.270

Jim Hardesty

Excellent valuation with the dividend being greater than the P/E. Will be able to earn $9 per share. Dealt very well with the Russians. Method they use to produce oil in the former Soviet Union is to accelerate cash flow allowing production at maximization of cash flow. 7.5% yield. Good reserves.

2008-10-21

BUY

44.420

Charles Bobrinskoy

Has been oversold, but don’t tie up too much of your portfolio in oil.

2008-10-07

BUY

61.440

John O'Connell, CFA

Great yield and a lot of resource. Struggling recently because of management changes. Has exposure to a lot of different areas in the world for energy production. Be aware of potential political risks.

2008-07-31

BUY

69.200

David Burrows

This fits his multinational theme that he is looking for. Stock has under performed a little bit recently. Would not have problems with this one.

2007-10-04

DON'T BUY

67.320

Has been a very poorly run company. Poor management and poor results.

2007-05-01

Comment

65.220

Jim O'Shaughnessy

Classic example of a monster company that tends to pay an above average dividend yield. Also very attractive when they are doing any buyback activity. Use net buyback activity and dividend yield and if it scores high in large-cap stocks, it's a good time to buy.

2007-01-23

BUY

70.220

Has had some problems because of its Texas City refinery disaster and now the Prudoe Bay partial shutdown. A great company with worldwide assets and capital efficient spending.

2006-08-21

BUY

65.420

This will give you good international exposure. Feels that oil is in a long term uptrend and keeping this in mind this is a time you should be adding in.

2005-10-25

BUY

63.900

Positive on the price of energy, including oil, gas, uranium, etc. The demand is not going away and there are supply constraints. Very important to have exposure to this sector. This is a good international play.

2005-02-23

PAST TOP PICK

58.480

(A Top Pick Aug 27/04. Up 10%.) Still likes. One of the best oil companies in the world.

2004-10-27

TOP PICK

53.650

This is one of the largest oil company in the world. There has been an increase dividend this year. The company has great management.

2004-08-27

TOP PICK

53.840

Robert Stovall

Feels that oils are going to lead in earnings growth.

2004-08-13

BUY

42.780

Very good company. Have done a joint venture with a large Russian oil producer. A strong growth strategy.

2003-10-02

BUY

40.080

Good capital discipline. Great assets. Well managed. Diverse asset base. Preference is Exxon, #1, BP #2 and Royal Dutch #3.

2003-05-09

BUY

40.500