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1 Month Update/Retrospective on broken wing butterfly/condor strategy.

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Red Sea Tuesday?

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How to find a business partner? Is it worth to do business with a coworker?

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Opportunities when war

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Pomegranates are bullish for airlines

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European oil & gas stocks

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I'm a professional regard and these are my notes 19/12

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$BA Yolo update - Withdrew $15k to pay off student debt and buy Christmas gifts. Did I sell more? Nah used the rest of my BP for more calls.

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OIL play with micro-futures options

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Shell spin-off

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Expected return selling 45 DTE SPY strangles

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Frec - Low Cost (0.10%) S&P500 Direct Indexing Startup

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Foreign taxes on dividends

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How To Profit From War

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BP buys $100 million worth of Tesla chargers | CNN Business

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Kept VIX Call options +2800% !?

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My Israel-Hamas conflict play: $PBR "Hey dummy, you're looking at the wrong continent."

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Oil market and trade dynamics.

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Stocks Overlooked and trading at a Discount---$MIGI, $SING, $SDIG. $BITF

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Buying strangles not increasing Options BP anymore (margin call)

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Tritium (DCFC) Amazing Earnings & Margins Released Today!!!

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Pros and cons of ADR stocks?

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$1m Recurring Income - Simple Strangle Strategy

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BP CEO Looney to resign after personal relationships with colleagues - FT

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How are brokers like Lightspeed or Dash Prime for portfolio margin buying power?

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Help Finding Tasty Trade Episode

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Turkish Lira situation after the 750 BP interest rate hike by the Central Bank of Turkey.

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Calculating BP for short strangles

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BP - appealing potential

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CS Arbitrage on the 0DTE Options??

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Conviction Buy List of Goldman Sachs. Which recommendation is your favorite?

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BOX SPREAD. Help me understand please

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Relationship between IV and Buying Power

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Tritium (DCFC) (Electric Vehicle Charger Manufacturer)

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"The Big Five" Pre-DA Warrants

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My Earning Results So Far

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Is the rate hike tomorrow already priced into the market?

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LNG shipping stocks: Optimism persists

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Bullish on $BP

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‘OilyFans’ billboards show BP chief executive topless after earning £10 million

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Tritium (DCFC) Electric Vehicle Charging Stations

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Diversifying a portfolio that is heavily correlated with SPY

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Tritium (DCFC) Electric Vehicle Charging Stations

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Tritium (DCFC) Electric Charging Stations

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Tritium (DCFC) Electric Charging Stations

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Tritium (DCFC) Electric Charging Stationss

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Tritium (DCFC) (Electric Vehicle Charging Stations)

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Tritium (DCFC) (Electric Charging Stations)

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Tritium (DCFC)

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Moontower on Gamma

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Long CVX, BP, SHEL

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BP Attributes a 12% Year-on-Year Reduction in Operating Expense to Palantir's Software Implementation Amid an Inflationary Environment🌟🚀

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Tritium (DCFC) EV Charging Stations

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🚨🚨 BP Engineer Hyped on Palantir's Future - Screenshot Reveals 26 App Explosion! 🛢️🔮

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Chevron: "Lower carbon intensity" from PDC Acquisition

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How do we feel about going long on oil?!? BP,XOM, CVX, SHEL maybe even OXY

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Federal Officials Trade Stock in Companies Their Agencies Oversee

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CLOWNS TO THE LEFT OF ME, JOKERS TO THE RIGHT

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Meet BP's Board Members | I wrote this article yesterday for those interested in BP stock

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Digital Age for Big Oil using Big Tech $HAL & $MSFT ; $AMZN & $BP, $SHEL

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Global markets tremble as Fed moves in and out

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To raise or not to raise? How does the Fed choose as banks blow up and hit hyperinflation? What do you think?

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Diversifying with UK stocks

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$AIM Try to name another bio stock in trials with $BMY $MRK $AZN and PFE.

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BP and Hertz expanding charging networks

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Stable stocks under $40 to start the wheel?

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BP buys TA 1.3 Billion why would BP buy a Truck Stop

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BP gets into the Trucking Game withDCFC as a supplier.

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$NSC: Norfolk Southern Corp. Reasons not to short?

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Box Spread Questions

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Government Money Going To Be Released Tritium in the catbird seat

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DCFC about to go

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BP's pullback from green commitments angers some, but investors lift shares 19% (NYSE:BP)

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BP CEO says company will stay firm on investment strategy~?

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BP’s Value Tops £100 Billion for the First Time in Three Years

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Oil and water don't mix. Therefore should Big Oil and EV go together?

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2023-02-08 Wrinkle-brain Plays (Mathematically derived options plays)

r/WallStreetbetsELITESee Post

Not Beyond Petroleum after all — BP says it's increasing investment in oil and gas as much as it's boosting renewable spending

r/WallStreetbetsELITESee Post

Earnings week ahead: PepsiCo, Disney, BP, Chipotle and more (NYSE:DIS)

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Oil and water don't mix. Therefore should Big Oil and EV go together?

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Why has BP under performed?

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WTH just happened with Lending Club

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We have finally reached 410… 2-1-23 SPY/ ES Futures and Tesla Daily Market Analysis (and FOMC review)

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BP to cut back on renewable energy, oil company figures out what it is... to late.

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Why Do Regarded Retail Think JPOW Will Hike Anything More than 25 BP Tomorrow When Every Other Indicator Says No?

r/WallStreetbetsELITESee Post

Ukraine war to help speed shift away from oil and gas, BP says (NYSE:BP)

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BP Cuts Long-Term Oil and Gas Demand Outlook. It’s Good News for Renewables.

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BP effect on short trades

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Tritium DCFC is moving

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2023-01-20 Wrinkle-brain Plays (Mathematically derived options plays)

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here is my analysis on Indo. Please let me know what you think

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Here is my analysis on Indo. Please let me know what you think??

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Here is my analysis on Indo. Please let me know what you think

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Alternative ETF for European tax-resident

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"Profited Free Risk Spread"

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I have $1k in BP, top comment decides what I do with it.

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Leaps nearing expiration strategy.

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What Are The Actual Fundamentals on TSLA

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30.12% SI. 1.29bn M Cap. 1.3bn Cash. 2.6bn cash + Assets. NVAX

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Why can't I see a steady profit maker, is this the norm?

Mentions

Lloyd’s of London is a trading hall, the syndicates which are compromised of insurance companies are the actual backers of any insurance underwritten. Not everything is written in London, it’s usually for the hardest to place risks or unusual risks. The policies can also be littered with exclusions, so no one will know who is liable for what until an investigation is completed. Also if BP didn’t tank an insurance company this is peanuts.

Mentions:#BP

Hahahahah holy shit your BP must have been skyrocketing

Mentions:#BP

> And even within sectors there is still a large discount. Compare the valuation that Shell or BP (7 to 8) get compared to Exxon Mobil or Chevron This may well be deserved. Look at the 2021 Dutch court decision against Shell. > By 2030, Shell must cut its CO2 emissions by 45% compared to 2019 levels, the civil court ruled. The Shell group is responsible for its own CO2 emissions and those of its suppliers, the verdict said. Also, during covid Shell cut it's dividend. A reasonable decision to make. Exxon halted it's employee 401k match and held the dividend. Stuff like that might cause a slight difference in how you value them

Mentions:#BP

Oh, you mean your patient's BP, temperature, and respiratory rate were WNL, but their pulse was 101? Sepsis alert!

Mentions:#BP

[This is a pretty remarkable chart](https://i.imgur.com/m8f8wrZ.png) on the forward valuation discount of 47% (worst since 1988) in the UK relative to the US over time. [Here is the FT article](https://www.ft.com/content/be46c2c3-1f1f-42e3-912b-b75624dedcbd) from where that chart is from. Now before you immediately respond with, "Of course it is cheaper, the UK stock market is basically all dinosaur industries: banking, telecom, energy." I've actually [posed a question on this before](https://www.reddit.com/r/stocks/comments/1636wgq/is_the_uk_stock_market_mispriced_a_look_at/) and got many assertions that it's all about the type of industry and Brexit. Fair enough, but I'm not disputing *that* the UK deserves a valuation discount. I'm questioning whether that discount should be 48%! From 2010 - 2016, why was the UK only 5-15% as 'bad' as the US? Then Brexit occurred and a vicious downward spiral occurred. But the UK stock market is a bunch of multinational corporations with most of their revenue outside of the UK, a relatively tiny country based on GDP (we're talking 2-3%, lower than Japan's 4% or the US' 15%). So even if Brexit hurts the domestic UK economy, this should have minimal implications for Shell, Glencore, Astra Zeneca, British American Tobacco, right? And even within sectors there is still a large discount. Compare the valuation that Shell or BP (7 to 8) get compared to Exxon Mobil or Chevron (both roughly 12). Though pharma seems more similar: GSK has a forward P/E of 10, Astra Zeneca 15, while we have Pfizer at (12) or JNJ (15) or Merck (14). But don't forget about Eli Lilly at 61. What would resolve my suspicion that this is a major mispricing? If I had access to the data, I'd want to run a simple regression model: Obtain for both the US and UK their sectoral allocations, earnings growth, profit margins, forward P/E, and then compute the (relative) difference for all of these over time. Then regress that valuation discount on the differences in sector allocation, earnings growth, margins, and to be safe also control for currency depreciation. Then assess how much of the valuation discount remains unexplained by this model, i.e., due to investor preferences about the country not reflected by basic fundamentals / industry composition / currency changes. I'm sure someone has done this exercise, but probably not shared publicly.

My buying power is currently reduced to 0, with $2.5k excess liquidity and it has a Excess Liquidity - CFD warning next to it. I've got about $70k in other stocks - so that's what's contributing to my BP I assume. I checked the DWAC Fee Rate and it's at 180% (which is insanely high - assuming from high IV), so I think I'll owe \~$500 on top (from interest) if I close this on Monday. Is there a chance it'll close on it's own at morning, or will it give me a bit of time to keep the short position open - as long as my excess liquid is above a reasonable amount.

Mentions:#BP#DWAC

Sorry , I guess I was not following . Margin (BP) is calculated every-time you do a trade, and by underlying. It MAY NOT DO IT ACCORDING TO YOUR TRADE. You can see this in Tos by doing explain margin. You click on Margin and a hidden window will pop up (so look for it). [https://app.screencast.com/RconxPf0zAPB3](https://app.screencast.com/RconxPf0zAPB3)

Mentions:#BP

I remember Bionano, Nio and Gamestop, aswell as a bunch of clean energy hype stocks, that all went to shit. Bionano was the only one making returns, Gamestop was a lost cause cuz I was way too late. I also sold a lot after it went red, cuz I was scared of it dropping more. Sold NVDA for a los a while ago for example. If I just would’ve held it. About 1,5 years ago, I sold everything and redecorated my Portfolio with 60-80% ETFs and safer stocks, and about 10% for gambling on crypto and meme stocks. Currently top positions: MSCI World (40%) Nasdaq (10%) Core S&P 500 (10%) Blackrock (5%) Apple (4%) Microsoft (4%) Shell (3%) Palantir Calls (3%) BP (2%) Paypal (2%) Maker Crypto (2%) Bitcoin (2%) ETH (2%) rest aint worth mentioning

Mentions:#NVDA#MSCI#BP

Perhaps the calculation is off because your short strikes are inverted... i.e. short call at 509 and short put at 510. Did you play around with other strikes on TDA to see the BP reduction?

Mentions:#BP

I had issues a week or two ago with futures options not showing up correctly in the analyze tab, (which they fixed by the next trading day) but haven't noticed any issues with incorrect BP. Also my YTD profit/loss in the account statment tab is broken for several futures contracts. Even after calling them twice and messaging them twice they don't seem to know how to fix (its been about 1 month now). Not the end of the world but frustrating none the less. Rolling my 401k to a different broker and will see if they are any better.

Mentions:#BP

Ah, 1000 BP (don't mean to nit pick).

Mentions:#BP

Yes, but $1 = $100 on $1,100 BP.

Mentions:#BP

There are a lot of good answers here that help you calculate this. In general you might want to keep that 20% number in the back of your mind. But maybe this isn't your thing, or maybe you are having a bad hair day. So what is a person to do ? Use a modern option trading system . There are a TON OF THEM. You figure out the trade you want , and as you add the last option to your spread, the software shows you the BP or margin you need . You do not have to know how to add, subtract , or even multiple . If it is a really good option system it will also show you the margin you need if the position starts to go against you based on the underlying price. Tos does all this , not sure about others.

Mentions:#BP

Why not sell covered calls? Limit your risk and take advantage of BP

Mentions:#BP

Oil companies do well when oil prices rise. I own XLE as well as XOM, CVX, SHEL, COP, and BP. Also a little PEO is fun.

*Crudely assemble a rig like a BP engineer...*

Mentions:#BP

FOMC meeting LEAKED: RATE HIKES 900BP, SPY to 50

Mentions:#RATE#BP#SPY

If he had Sold it , BP would have been over 30k, does anyone think this guy has more than $500 in the account.

Mentions:#BP

Wait you BOUGHT puts right? Contact your broker and tell them you don’t want to exercise your option rights automatically, even if they would otherwise expire worthless (if that’s what you want). They may still disallow it because from their perspective, there’s a chance you would try to exercise them when you don’t have the BP to cover the shares. IB is very risk averse and won’t hesitate to liquidate people when there’s even a sniff of risk from their perspective. TDA/Schwab is more lenient in this regard.

Mentions:#BP

Idk why you keep calling it a reboot; they’ve never made a FF film. You realize they made two full Black Panther films…right? Nevermind that your comparison isn’t 1:1 anyway, BP is a single character, the FF are four, I’m not sure how they’d be able to shoehorn them into something while giving each family member the room for character development.

Mentions:#FF#BP

I’m thinking they’ll hold, with a very small chance of a 25BP hike. I highly doubt they’ll cut rates given inflation is still at 3.2% and energy picked up over the last month.

Mentions:#BP

You might be early still, but yes it will be a buy. Things always bound back. Just like TM, BP, etc...

Mentions:#TM#BP

I use Tasty trade. You can apply for The Works account and you can trade everything on there. The BP requirement increases after hours so you have to know about that or close any trades during normal trading hours.

Mentions:#BP
r/stocksSee Comment

It’s not just glp1 agonists. LLY has phase 2 trial results on Retatrutide, a triple glp1-gip-glucagon agonists which resulted in a 24Kg weight loss average, lowered LDL and non-HDL cholesterol and BP

Mentions:#LLY#BP

Will your broker even allow you to sell naked calls at this price point? You seem to know the risk, and should also know that the stock doesn’t have to go all the way to $1400 for the trade to have sizable losses. There is also the matter of margin expansion where your BP requirements can grow significantly if the stock moves up and the broker may force closing the position for a loss. Best of luck if you pursue this.

Mentions:#BP

My BP shares got called away. They're doing alright it's on a slow steady climb. The stupid Russneft thing is what's keeping them down despite all the global unrest. And I just don't see that going well.

Mentions:#BP

Absolutely not, [back in 2012 BP pled guilty to felony manslaughter (in addition to other charges) for the deaths of the 11 men who were killed aboard the Deepwater Horizon in April of 2010](https://www.justice.gov/opa/pr/bp-exploration-and-production-inc-agrees-plead-guilty-felony-manslaughter-environmental)during a well blowout that caused the Gulf Oil Spill. Their shares haven’t passed or even close to the $60.70 high for the day of April 20th, 2010, which was only hours prior to the night those 11 men perished.

Mentions:#BP

Surprised it don’t go down further today. It’s like the South Park BP “we’re sorry” skit.

Mentions:#BP

Boeing whistler blower found dead, shot in the head. https://www.youtube.com/watch?v=-r50JXqZ13U Just like how the BP oil spill whistle blower was found run over.

Mentions:#BP

It’s just a factor of how much risk you want to take on in your account. An extreme example, I can make a 50% gain in a day by yoloing everything into 0dte but does that mean I want to? I would bet if you risk adjust your return of 1% week against your margin BP, or figure out your chance of getting PNR’d it sits on the higher end. You can sell tail risk on SPX in a large account, make 1% a month and still have a non zero chance of getting wiped in a black swan which does happen every few years.

Mentions:#BP#PNR

25 BP Rate hike next week

Mentions:#BP

Same. Such a great movie. I know it didn’t win BP in ‘07 but is my personal favorite from that year

Mentions:#BP

Extra leverage (on top of other leverage). Getting long on futures has margin requirements. If you buy long call option on futures, it ties up less BP. I usually leg into short straddles on futures. But I feel like it constantly creeps onto short call leg. It is like call side for /MNQ is underpriced. And I'm talking 3+ month.

Mentions:#BP

$100 in BP Checks out

Mentions:#BP

It's already proven you don't understand the stock or the business. You sure you want to continue this? One server is 8 H100s, it costs $250K. BP like every other company of any size will be flushing their legacy systems and installing a lot of AI systems, dozens and dozens of servers, in the coming years. Why? because AI solutions are so much more efficient than vector based data bases (search and retrieve) in use in 99% of companies today. You install a big system, say 32 H100 servers, that's $10M +. then you feed it all your internal research records, correspondence, financials, customer records, HR policies and on and on. Then you take a pretrained LLM like Llama or one from Microsoft and you retrain it with your company specific data. Then you turn your people lose with it: Sales, Engineering, Finanace, Research, Customer Service. They can all access data that has been curated specifically for their company/department/function. Their productivity dramatically improves, now they arent' hunting around for data and answers all day long, they ask a question, wait a second, and boom, you've just empowered every person in your company to be more productive. That's why BP will spend $10Ms. They'll retrain constantly, like new data every day. This is where Microsoft Co-pilot is going. You've got your head around a short sighted view that everyone needs to train an LLM from scratch. Thats wrong, MSFT, META, Goog, OpenAI, Perplexity and the rest are all going to make money selling LLMs and helping businesses run personal AIs. Oracle, SalesForce, ServiceNow they are all early leaders in the area. And Nvidia will be working in the background on every bit of it. You will have this capability in your phone, and your personal life, within a couple of years too.

Mentions:#BP#HR#MSFT

multiply it by 1000s bro. And it's not $1 or 2M is, it's hundreds of GPUs min for a company like BP, $10-15M a pop. >$100B a year for 10 years. You have no foresight, look beyond the tree in front of your nose. Or just short it, that's fine too.

Mentions:#BP

Multimillion is cute. Meta and Microsoft spend dozens on billions for their generative ai war. which is what propelled nvidia stock price up. If BP buy a rack of dgx for a million or two that doesn't even move the needle. Before generative ai we saw a slow slow increase in demand. The 265% revenue jump is because of the big silicon valley giants duking it out over who has the biggest ai cluster and the biggest large language models. And well BP will NEVER build a large generative model. Neither will 99.9% of large companies.

Mentions:#BP

"You won't have British petroleum train their own large language models. Apart from the cost of a large AI cluster they wouldn't have the talent to do it either." BP already has their toes in the pool. "We’re transforming from an international oil company (IOC) into a nimble, increasingly lower carbon, and tech-driven integrated energy company (IEC). We need the right tools to help us optimize our processes, become more efficient, save costs, lower emissions, and unlock growth. The potential for AI to facilitate that is huge. " [https://www.bp.com/en/global/corporate/news-and-insights/reimagining-energy/ai-and-the-energy-transition.html](https://www.bp.com/en/global/corporate/news-and-insights/reimagining-energy/ai-and-the-energy-transition.html) It's alright, be a doubter. They were there in 2012 and 2016 and 2020, nothing wrong with being a doubter in 2024 too.

Mentions:#BP

Depends on the country. Some have looser some have more restrictive margins. Options are an option till they expire. Once expire it must be exercised if ITM because these are real contracts. If you have the margin you will wake up with reduced buying power and 400 shares of TSM on cost basis based on the strike… If TSM is higher than your premium + strike you make money if you sell them. If not and it goes against you furtther the BP will be in the negative and you may be asked to send $ to cover or be forced to liquidate.

Mentions:#TSM#BP

Even if you have portfolio margin (NFW), that's $5.4m in BP. Might be a barrier.

Mentions:#BP

Good morning, maybe time for a xany? BP meds

Mentions:#BP

It’s a way to leverage the potential profit.. best lick I have ever had was buying call on British Petroleum BP.. I made 40k on a 4,000 bet in 3 months

Mentions:#BP

IMO a problem with spreads is they can be hard to effectively manage and have to close for a loss. I often post that spreads are defined risk and take less capital/BP to trade but should also be prepared to take a loss since they cannot always be managed. One of the main reasons I prefer selling puts using the wheel is that they can be easily rolled for a long time, and in a worse case be assigned the shares. No, if the spread is left to expire with the long leg OTM then it will be gone. The broker will NOT exercise a long leg unless you send an order to do so. Some, but not all, brokers may close an at risk spread prior to the market closing to take off any risk the account could not support. It is your job as the trader to manage these things as the broker only does what you tell them and is not looking out for your account . . .

Mentions:#BP

It's just back to Tues' open. I've always just ran calls off the dip, but after this week (1500% gain!) I have enough BP to grab some puts next time i sell Excited for next week

Mentions:#BP

NVDA ended AH... RIGHT..... ... at the 9ema on the daily. But we ain't guns talk about that huh? 🤔🤫 If you didn't sell the rip at 960+ to have BP for Monday, you hate money and should have your port removed due to abuse.

Mentions:#NVDA#BP

Chevron, BP, Shell, Occidental - all these companies are investing in renewable energy. And acquiring some of these renewable energy companies you are mentioning. These companies arent run by stupid people, they are forward thinking. I’m not saying oil goes away, far from it. But it makes since these companies would evolve and not curl up and die. It’s not so black and white man

Mentions:#BP

"port of aid in Gaza" that will takes months to build and Israel will still inspect and forcefully slow down everything that comes in. Israel has repeatedly given out gas exploration licenses to BP, Eni, and other firms off the Gaza coast. We both know what this is about.

Mentions:#BP

I’ve just started investing and have two pies on trading 212 Dividends GSK – 12% Llyods – 10% BT – 9% Broadcom - 9% British American Tobacco – 9 Pepsico – 8% VISA – 8% Beazley – 8% BP – 7% MacD – 7% Chevron – 5% Duke Energy – 4% Starbucks 3% Reality Income 1% Growth NVIDIA – 19% Amd – 17% CRISPR – 15% Alphabet A - 14% Amazon – 9% Alphabet c – 4% Aurora – 4% Coinbase – 4% Tesla -3% Meta – 3% Microsoft – 2% Apple – 2% NIO – 1% Netflix – 1% Intel – 1% Nova Cann – 1% Can someone critique these holdings and suggest new stocks if I haven’t got them in already Thanks

Mentions:#GSK#BP#NIO

Indeed BP here in UK submitted a big order for Tesla SC infrastructure to be installed at their petrol stations.

Mentions:#BP#UK

Finally...a dip when I'm loaded to the tits with BP 👌

Mentions:#BP

Pro-Tip Trade your full account every day until you got so little BP left it's wasted if you buy cons. Take that little bit of BP every day and buy dog money. That way your line is always moving and you get the good chemicals even when market is closed. Live your best life. 😘

Mentions:#BP

Yeah, it's not just Carrier, [GE Vernova signed a 50/50](https://www.prnewswire.com/news-releases/montana-technologies-and-ge-vernova-agree-to-form-a-joint-venture-to-manufacture-transformational-air-conditioning-and-atmospheric-water-harvesting-products-302046344.html) manufacturing joint venture agreement with Montana Technologies, too. GE Vernove is being spun off from GE next month: "[The company expects to begin trading on the](https://finance.yahoo.com/news/ge-board-directors-approves-spin-144618767.html#:~:text=The%20company%20expects%20to%20begin%20trading%20on%20the) New York Stock Exchange on April 2, 2024, under the ticker symbol “GEV."" "[Our customers generate](https://www.gevernova.com/investors#:~:text=Our%20customers%20generate) approximately 30% of the electricity in the world today using GE Vernova’s installed base of technologies." So that's two agreements with blue chip corporations announced in the past two months, plus the [$10 million investment from Rice Investment Group](https://www.prnewswire.com/news-releases/montana-technologies-announces-investment-from-rice-investment-group-302065566.html) ( who sponsored two SPACS, RICE -> LFG ( sold to BP for $4 billion ) and RONI -> NPWR, currently $8.15 per share; so the Rice investment is also a plus. "Kyle Derham, Partner, Rice Investment Group, said, "AirJoule® is a transformational energy efficiency technology that we believe is capable of gigaton scale decarbonization while lowering costs without subsidies. Our diligence revealed meaningful engagement from blue-chip strategics who have performed extensive work to validate the technical claims of the Company and are now preparing to fully support product commercialization. We believe the Company's go-to-market strategy can lead to rapid market adoption in the large and growing HVAC and air-to-water end markets." The Carrier $10 million commitment is [in the 424B3 prospectus at](https://www.sec.gov/Archives/edgar/data/1855474/000121390024004183/f424b30124_power.htm#:~:text=that%20will%20convert%20into%201%2C176%2C471%20shares%20of%20Class%20A%20Common%20Stock) $8.50 per share; the conversion terms for the other $40 million announced since hasn't been specifically stated. Checked [the warrant agreement](https://www.sec.gov/Archives/edgar/data/1855474/000121390021065227/ea152284ex4-2_power2.htm), don't see any crescent term clause, so don't *think* that would change the warrant terms. Shareholder vote to approve business combination is scheduled for Friday.

Mentions:#GE#BP#NPWR

My thought process is spelled out in my post, and I do not know why you are having so much trouble understanding it. Thousands have used this post as a starting point to help them develop their own plan, but you are the only one who is struggling to get it . . . Let me spell it out even more clearly - (Note that I am not currently trading F so the following is an example and not a recommendation) * Does my research and analysis indicate that I would be good holding F shares for a while if assigned? If yes, then move to the next step. * Are there any events like an ER coming up in the 30-45 dte timeframe? If yes, then move to the next qualified stock. If no, move to the next step. * Based on the F options chain (premarket) the 32 dte 11.5 strike has a -.17 delta and Prob ITM of 19.5% or 80.5% Prob OTM with a .10 premium. * What capital do I have available which would keep 50% of my account in cash, plus keep the risk of F at 5% or below? 5 contracts would have a max profit of $50 with a BPE of around $773 on my account and would cost $5,700 to buy the shares if assigned. If this fits my risk and account profile, then I'll open the trade. * Based on the above the trade outline with an 80% probability of success, I see this as a high probability trade that has relatively low risk to make $50. F is a solid stock and pays a 4.82% dividend so if assigned I would be good to hold it for weeks or months if I had to. The "max risk" of the F trade is $5,700 **IF the company went bankrupt** and the stock dropped to zero, which we can hopefully agree is not going to happen anytime soon or without some warning. How much risk is there really?? F could have bad news and the stock drop to $10 or lower, but this would not be a 100% loss . . . How can we calculate the actual risk? The answer is that we cannot . . . The BPE of $773 is the capital required to make the trade, which is small for my account. Why would I make this trade with such a seemingly low dollar return? Because the chances of it being successful are very high. Between the 80%+ probability, and the ability to roll the put for more credit, if necessary, means the odds of a profit are likely 90%+. Do I look for other stocks and trades that make higher premiums and possible profits? Of course! But what they all have in common is that I am willing to be assigned and hold the shares if needed. Let's contrast this against another stock - AMC * Does my research and analysis show this is a stock I would be good holding? No! Do not move to the next step. While a similar 32 dte 18.2% Prob ITM set up to F above would bring in $90 with a $1,455 of BP required, the stock is not worth the risk. Working to compare dollar risk, 20 contracts of AMC would bring in $180 with a $5,800 risk, which would be very tempting as the premium and possible profits are much higher, but as AMC could go bankrupt at any time, so I would never make this trade . . . I'll say it again - "A new trade focuses on profits and how much they can make. A more experienced trader will focus on risk to make many small wins without putting too much of the account at risk." The above is a clear example of taking a small profit from a higher probability and lower risk trade. As my final comment on this thread, you do seem to have some problems understanding what a fairly simple concept this all is, and some have confidence or temperament issues that means they may not be cut out to be a good trader. Perhaps you have 'analysis paralysis"? With that said, and trying to help, I'd strongly suggest reading the book **Trading in the Zone by Douglas** as this addresses the important aspect of maximizing a trader's state of mind and that developing your own mindset and plans which are critical to success. **Your extensive effort to try to see how I think is the wrong path as my goals, style or trading, personal risk tolerance, account size, and many other factors means you are going to trade significantly different than I do, so you are wasting both of our time.** I wish you the best in your trading, and I have taken a lot of time to explain in as simple terms as I can, but if you are unable to get it from here then options trading may not be for you . . . -Scot out

Mentions:#AMC#BP
r/stocksSee Comment

I agree. But that is not going to change. Even if Labour win they will not (even if they wanted to) nationalize the railways, Royal Mail, National Grid, BP,EDF, SSE etc... Difference in the US is its a 'national security'.

Mentions:#BP#EDF

Do you understand what .30 delta means? That is how far OTM trades are opened . . . The BP is not important or relevant. Keep in mind that I am not telling anyone how to trade and just show my detailed trading plan which explains all you are asking. I am not saying I am the most successful trader and tell everyone not to follow what I do, but instead to develop their own plan. You should NOT look for a trade based on what I do!! You need to look at and develop what YOU will do to be successful!

Mentions:#BP

Thanks again Scot. Lots of good advice. Through your comment about risking $87.5K, I had an epiphany and realized that I was being confused by some posts that seemed to equate risk as the same thing as BP/margin requirement (or maybe it was just me assuming those were the same), which was confusing me. For the case of the ZTS trade, the margin requirement/BP is only $12K which is different from the potential risk/exposure which is $87.5K. But for a spread, the BP is the same as the risk exposure (in example trade above it's $5K BP and $5K max loss) - this is why I had a bias to spreads as I knew the max loss exposure. While you mention doing a trade for $50 or $60 profit, I still don't really follow how you think about what a good trade is. It's hard for me to know if you are choosing trades that are close to ATM or deep OTM, etc. For example, F is trading at $12.45. I see April 5 $12 Put (33 DTE) with premium of $0.22, Prob OTM 66%, delta .31, IV 27.6%. You could sell 2 contracts and make $44, BPE \~$400, risk $2400. But do you look at that saying, that's too close to ATM and you prefer further OTM? Do you look at the $44 premium on the BPE of \~$400 (is 11% over 30 days good enough) or the $2400 risk (is 1.8% for the risk return not enough) - or do you say 11% return on BPE is good and overall exposure of $2400 can't be 5% of my total portfolio? It would be helpful if you wrote out a specific example of a recent trade you did and why you picked it based on the Prob OTM, delta, contract size, premium, DTE, BPE, etc. That would help me in how to think about what a good conservative trade looks like. Again to your recommendation, I will look for smaller dollar stocks and do 1 or 2 contracts as I start out. Thanks again for sharing your wisdom.

Mentions:#BP#ZTS

Look up intrinsic value. Basically your profit is underlying price at exp. Minus strike price and premium times 100. Example. Stock xyz is 3.50$ you buy a 3$ strike call option for 50cents and the stock reaches 4$ by expiration. You have 4$ - 3$ = 1$ profit - 50 cents for premium paid for contract = 50 cents profit at 100 shares, you made 50$ so you have a 1:1 r/r. If you bought stock instead you would have to pay 350$ for 100 shares to make the same 50$ profit so its a 3.5:1 r/r. The advantages to stock over options is you dont have a expiration date, you can sell covered calls to increase yield. Downsides is more BP usage, no leverage.

Mentions:#BP

Thanks again Scot. I like your plain speak - very straightforward and easy to understand. As an "old to investing but new to options trader", I'm looking to focus on a couple main options strategies to build my experience (I don't need to get exotic at this point; just stick to a couple bread and butter methods while I build my knowledge). I feel that the wheel and your "plan for profits" bias works with me for stocks that I wouldn't mind owning. However, for more opportunistic trades with stocks that are more "risky" and I am less inclined to own, I think the credit spread also fits my style (defined maximum exposure). So I'm using/learning both of these strategies for now. Here are a couple trades I made - would like your thoughts and I also have some questions. 1. Wheel. ZTS (Zoetis pet drug maker spun out of Merck current price $190). I wouldn't mind owning, so I made a naked put today after seeing the stock drop $7 today (unclear why it dropped). Sold to open 5 contracts of ZTS $175 Puts exp 4/19 @$1.40. I'm level 3 at my broker, so like you said the margin requirement/BP was $12K (\~13% of the $175 x 500 = $87,500 exposure). Delta was -0.15, Prob ITM 17.4%, IV 25.9%. I'm getting $700 on BP of $12K = 6% max return over 49 days or \~2 months. 2. Call credit spread. CVNA (Carvana I'm bearish on this, highly volatile so I did a spread, current price $83). Sold $100 C 4/19 and bought $105 C 4/19 for a $0.95 net credit. On 10 contracts, premium collected $950 with margin req/BP $5K (the difference between strikes) = 19% max return over \~2 months. Deltas .26/.21, IV 89.99%/90.67%, today's Prob ITM 41%/35%. 3. Considering Wheel or Put Credit Spread for ARM (bullish that I think AI and semis will keep going up over near term, but highly volatile so risky. Current price $141). $105 Put 4/19 is $3.75, Delta -0.14, Prob ITM 22.33%, IV 88.62%. $100 Put 4/19 is $2.77, Delta -0.11, Prob ITM 18.19%, IV 88.86%. If I did the wheel and just sold the $105 Put, 10 contracts would net me $3.75K with BP $10.5K = 37% return. Spread would be $980 with BP of $5K = 19%. I would probably lean toward the naked put here because premium is so good, but high volatility stock is a big risk - if so, selling 5 contracts would be more of the equivalent comparison as that would be $5K BP. So my questions. 1. In your Wheel write-up, your trade guide is opening 30-45 DTE and 30% Prob OTM (.30 delta). Do you target a certain IV range - I think you said you like more stable stocks but then premiums are lower? Do you key in on any other option metric/greek or is it really just Prob OTM and Delta? 2. What kind of return do you target? ZTS 6% over 2 months (3%/month) seems low. Or is that pretty good and I should instead think that that 3%/mo translates into 36%/yr? 3. With the above in mind, what do you think of the trades I listed? 4. I did the CVNA spread a couple days ago. It dropped $6 yesterday, but popped back up +$7 today, so back to starting position. I could have closed out the trade yesterday and made $2-300. Now that I think about it, I should have just taken that quick 1 day win instead of theoretically tying up my capital for another 47 days to make only $600 more. With 30-45 DTE trade guideline you have, when do you try to close out a trade or how do you think about letting go to expiration? Or are you targeting to make x% of the trade premium (eg, for my CVNA trade $950 spread. Should I have a target of 50% of that as profit as an example and then look to sell?)? 5. Any other comments/critiques or future action advice about the trades above would be welcome. Thanks again for sharing your wisdom.

I am not following what is being said. You had no shares , so now you are short 100 shares in your Position tab. You collected the strike price which is below the current price of the strike. Tasty just notes you are short 100 shares and holds all the money you collected and some additional BP . I am not sure Tasty is lending you any shares, there is just a note somewhere that there are a 100 short shares. Is that what is happening ?

Mentions:#BP

That is what’s happening. BP stations will have Tesla chargers

Mentions:#BP

10% markup on all energy sold. Not to mention the billion dollar partnerships in the works with the likes including BP

Mentions:#BP

Thanks for your feedback! Here are some answers: 1) Spreads almost plan on having losses and the long 'insurance' leg is a drag on profits and a significant cost for an event that should very seldom happen. Spreads make less profit, and profit slower, incur more fees, and are harder to roll, so there are a lot of downsides to spreads . . . With the proper account the buying power required for selling a naked put (backed by cash+margin) can be 10% to 20% of the stock value. In this case a $105 put that would cost $10,500 if the shares were assigned would cost as little as $1K to $2K of BP. And, in some brokers the cash held as collateral can earn 5% interest, so the idea that spreads are ore capital efficient is not always true. If you want to trade the wheel in a serious manner, then upgrade your account to have this level. IMHO, spreads are planning for losses but selling puts on high quality stocks is planning for profits. I prefer planning for profits and to make as much as possible on the 90%+ of those puts that just profit and close, then managing those that drop by rolling which can still have many wins and take assignment of those when needed to sell CCs that with patience can often result in at least a scratch if not a win. This can mean win rates in the high 90's, and some even have 100% rates as they are very patient. The entire wheel plan and process should result in very few actual losses. These should only happen when a good stock has some unexpected fundamental change when it makes sense to dump the shares and move on, which should be rare. Putting it simply, spreads plan to lose and give a false sense of security as they lose more, profit less, are harder to roll, profit slower, and are far more often to be closed for a loss. 2) I've posted that I have TDA, soon to be moved to Schwab, with TOS, and a Fidelity account that helps me find and analyze stocks. Most full featured brokers will have most of what is needed. I do go to the stocks investor website to read and listen to earnings information and calls. TOS shows events like divis and ERs, and I don't use IV much as it I prefer to trade high quality stocks regardless of the IV, but TOS has IV Percentile available that auto compares IV and historical IV. Some pay for fancy websites, but I've found a good full featured broker is worth a lot here as I can find most everything I need. Get yourself a top notch broker that has all you need is what I suggest . . .

Mentions:#BP

Thanks man! Appreciate the input. The CEO did comment on dilution. Stock was 11$ not long ago. Institutional ownership is still encouraging. Of course I mean by BP and Shell, that Plug literally is a company of the future, and imho as big as those companies in the coming years. Their logo will be seen across the globe.

Mentions:#BP

That is like recommending to stay away from Chevron, BP/Shell. But, thanks for your input.

Mentions:#BP

This is unrelated sort of, but I just feel like telling a story Decades ago, I worked in a skyscraper where another skyscraper used to be. The original building was the Richfield headquarters in downtown Los Angeles. The building was black. Richfield was a wealthy oil company. They would merge and become Atlantic Richfield, Arco. Which in the modern era would then get bought by British petroleum and become BP Arco. But anyway, back to that black building. We had pictures of it in my building. And an old timer pointed out the gargoyles to me. There were some gold painted statues that ringed the top of the building. There was maybe 15 of them. He said that his father used to work in that black building. And before they demolished the building, they took off all those gargoyles. His father operated a giant saw to cut the busts off those gargoyles. And they were given to executives. One executive came, looked at it, said that is hideous, and left without it. So the man who was operating the saw took it home and put it in his garden. It was big. I’m guessing like the statues themselves were maybe 10-20 feet tall and the bust is kind of upper chest and above. But he said it wasn’t gold paint, it was gold. All those statues were covered in gold. That’s what an oil company in that era was like and capable of doing. They had gold statues ringing the top of the building. They wanted to show off how wealthy and successful they were. So he said that his father still had that gold plated gargoyle sitting in his garden. And he’s sure that all the neighbors just think it’s a really ugly scarecrow, but it’s gold plated concrete.

Mentions:#BP

When I saw the recent headline a husband was guilty Insider Trading — I was shocked it some BP exec’s hubby and not Paul Pelosi!

Mentions:#BP
r/optionsSee Comment

Its because you will be short a naked contract aka very risky (in theory). I found that you save about 1/2 BP in comparison to swinging with Overnight Margin. Not really worth it for day-trading but thats just me

Mentions:#BP
r/stocksSee Comment

Sounds like the BP lady…

Mentions:#BP
r/optionsSee Comment

These are 4-week options. In the last week, the price should ideally be around 0.50 or less. Each SPX requires about 46 K of margin. If you have the BP, sell a new 0.04 delta put and let the old put expires. If you don’t have the BP, then roll the old put out 4 weeks for a new 0.04 delta put for a credit.

Mentions:#BP
r/stocksSee Comment

"Then FINRA requested a deal chronology from BP including the names of people “in the know” ahead of the transaction. A former BP employee who’d worked on the deal reached out to Loudon’s wife — who remains unnamed throughout the complaint — to complain BP’s lawyers were pestering her for her home address and other personal information. When the wife brought this info to her husband he asked if current employees would receive similar treatment to which she said yes. He confessed to her a week later." FINRA already had the evidence on husband before he admitted it to his wife. https://www.goingconcern.com/lpt-dont-eavesdrop-on-your-partners-wfh-calls-and-inside-trade-on-what-you-hear/

Mentions:#BP

Because her role was a merger consultant for BP. She’d get fined and potentially face jail time despite having nothing to do with it.

Mentions:#BP
r/stocksSee Comment

My take was she went and told her bosses in an attempt to be moral and do the right thing. In return, she was fired and BP turned her husband into the SEC, so she lost her job, her husband, and the ill gotten $1.7M. Lesson learned is to be fucking loyal, but she was more loyal to her career and her company, than her husband. Also, don’t commit insider trading, but that ship had sailed.

Mentions:#BP
r/stocksSee Comment

That's not how this was reported here: [https://yro.slashdot.org/story/24/02/23/2053259/us-man-accused-of-making-18-million-from-listening-in-on-wifes-remote-work-calls](https://yro.slashdot.org/story/24/02/23/2053259/us-man-accused-of-making-18-million-from-listening-in-on-wifes-remote-work-calls) "Loudon eventually confessed to his wife, and claimed that he had bought the shares because he wanted to make enough money so that she did not have to work long hours anymore. She reported his dealings to her bosses at BP, which later fired her despite having no evidence that she knowingly leaked information to her husband. She eventually moved out of the couple's home and filed for divorce. "

Mentions:#BP
r/optionsSee Comment

Scot, I’m still looking at ways to improve the efficiency of your version of the wheel. After following all of your plan’s market entry and put rolling, then eventually getting assigned, you work to get a scratch or small profit to sell your shares and get back to selling puts. Have you considered selling instead a synthetic long stock position to free up BP; sell the assigned shares, buying a call and selling the put ATM? This creates the same 100 delta long position as long stock for about 20% of the long stock BP that can be rolled almost forever for a credit, and will always have a 100 delta value. True, no dividends, but a single trade usually eclipses any dividend you miss. You can then start selling puts again against the synthetic long, similar to the tactic you use sometimes to recover. Or, if you get assigned and you think the underlying will continue to drop, you create a long synthetic to the downside at 100 delta by buying the put and selling the call at the same strike ATM. I’m guessing that you could still set a GTC for 50% profit on the synthetic position. Your thoughts? As always, I appreciate what you do for all us little people!

Mentions:#BP
r/stocksSee Comment

"Mr Loudon confessed to his wife about buying the TravelCenters shares after the Financial Industry Regulatory Authority began asking questions about the BP deal and who was "in the know"."

Mentions:#BP
r/optionsSee Comment

Assigning a “strategy”: Look at ticker price action (up, down, high, low, rangebound) and it’s options IV (high, low, mid), then decide appropriate options structure (delta/direction, theta/vega: Net long or short options). A-priori considerations: status and needs of your portfolio (goals, delta, theta, diversity, BP usage status), sufficient liquidity of the tickers options, knowledge of trading. Not sure I agree with Tom’s big picture concept that tons of trading will make you better in all aspects of your life. Understanding risk:reward concepts is key in life and also certainly trading (esp when based on option probabilities) but I’m not so sure thier both as positively feedbacked as he says.

Mentions:#BP

It depends on how big the company BP acquired was. He wasn't buying/selling BP, he was trading a much smaller company acquired by BP. But you're right, it doesn't look like they gained anything by admitting to the crime ahead of time. The thing I haven't seen anyone comment on is that he's only looking at 5 years and a 250k fine after he made 1.7M on a 2M account. If the judge is lenient in sentencing, I'm sure there's more than a few on here that would do a couple of years in club fed for 1.5M (plus the original $2M+).

Mentions:#BP
r/optionsSee Comment

Yes, but be aware of futures rolls. 1. Each /MES contract is equivalent to 50 shares of SPY. You will need 2 /MES to have the same notional exposure. Current margin requirements are about $1300 per contract. 2. You can trade the futures 23/5, and they have lower BP requirements (ie: more leverage) 3. I use TastyTrade. The platform is good for options. Fees on the micros are pretty low. I also have accounts at TD. My accounts have not been converted to Schwab yet. The Thinkorswim platform is good, but their futures commissions are higher. About futures rolls. The /MES futures expire every 3 months. Right now, there is a 60 point difference between the April and June contracts. That means in about 2 weeks when traders start to roll contracts to the next expiration, they are going to be adjusting cost basis 60 points higher. This is mostly interest rates/cost to carry. You can offset some of this by parking the cash equivalent of notional value into T-Bills or something like SGOV.

Mentions:#SPY#BP#SGOV

"Loudon eventually confessed to his wife, and claimed that he had bought the shares because he wanted to make enough money so that she did not have to work long hours anymore. She reported his dealings to her bosses at BP, which later fired her despite having no evidence that she knowingly leaked information to her husband. She eventually moved out of the couple’s home and filed for divorce."

Mentions:#BP

Apparently no one read the filing, BP legal was asking for her address to investigate suspicious activity. She asked husband why would they be investigated and he was like "I may have committed a litt light insider trading, lol" She was probably fired for not protecting inside info from her spouse, every public company I've worked at covers this in training.

Mentions:#BP

Everyone replying is apparently too young to remember Martha Stewart. She sold to prevent a loss, had plenty of lawyers, and still got convicted. If my spouse told me they insider traded my company, I would immediately know we were fucked. She probably contacted a lawyer before telling BP, to figure out what to do.

Mentions:#BP

If I sell corn, on Robinhood, does the buying power take time to settle or do you have instant BP?

Mentions:#BP

Wtf was wrong with the woman and BP.

Mentions:#BP

He literally overheard his wife talking about BP buying a small truck stop and YOLO’d his whole portfolio into the company about to be purchased and then sold the second the acquisition was announced.

Mentions:#BP

Fair play. I don't know the US system, but hope you are right about dividend tax. As these are some big numbers amd sounds strange it wouldn't be taxed at all. There are general and specific risks as we've discussed. I don't know the likelihood of them or the effect they would have on EDP. They have a good track record, which is a good sign. But so did BP and ADM. These things come out of the blue. It sounds like you have an eye for poker odds and are approaching this with some of the same logic. It's sound, but should also give a pause, as we've all been wiped out from a flush on the river by a noob who shouldnt have even been in that hand...

Mentions:#BP#ADM

And if the SEC looks into the trades of ANYONE involved in the acquisition, whether they're with TA, BP, any outside counsel, etc., and finds out before anyone talks, the fines, penalties, possible prosecution, etc., will be far worse. She realized what an oh-shit situation her husband had put her in and decided that going to her company was the best option. That turned out to probably not be the case.

Mentions:#BP

What’s the news from BP that made him go all in? I don’t follow BP at all so did they have a blockbuster earnings or something else?

Mentions:#BP

The honesty of the wife to tell BP and then get fired and then divorce is just wild. I feel like she’s the victim here.

Mentions:#BP

The first failure was the concrete seal job on the reservoir. Second failure was the negative pressure test. Third failure was that the BOP couldn't shear and seal on pipe that was wedged. If you haven't read and digested the DNV report on the issue, you're not qualified here. I'm in the industry - and even was working with BP (note not for but with) during this event. It's 100% their fault, but it has NOTHING to do with too deep. We drill much deeper every day very safely.

Mentions:#BP

He didn’t buy BP stock he bought a smaller companies stock that BP was acquiring

Mentions:#BP

They probably had to in order to cover their themselves from fines or other legal issues, as much as it sucks. Personally if I was the CEO of BP I’d give her an equivalent value in shares to what her husband’s stock was worth when he sold for being honest about it.

Mentions:#BP

You all see this: A Texas man is facing charges after he allegedly used information overheard during his wife’s work calls to make $1.76 million on the stock market…his wife’s company bought by BP

Mentions:#BP

"Hey, honey, I made almost $2 mil on stocks." "Fuck. I've gotta tell BP." There's no way she's not on this sub.

Mentions:#BP

Must be the BP guy.

Mentions:#BP

I didn't say that, I said that BP apparently did not have internal controls and procedures internally to manage these things more effectively. Even if it was all remote work, just having everyone participating wearing headphones would be just good operational security.

Mentions:#BP

Tf She notified BP? Why? I wish I were married to someone who could make almost $2m without me noticing.

Mentions:#BP

Ouch that backfired hey? I'd imagine if you're an M&A lawyer in BP you only have to work those long hours for a few years and you can temper off into a less demanding situation.

Mentions:#BP

Husband Who Eavesdropped on Wife’s Work Calls Pleads Guilty to Insider Trading Tyler Loudon made $1.76 million trading shares after overhearing calls his wife, a former BP executive, made while working remotely

Mentions:#BP

Husband Who Eavesdropped on Wife’s Work Calls Pleads Guilty to Insider Trading Tyler Loudon made $1.76 million trading shares after overhearing calls his wife, a former BP executive, made while working remotely

Mentions:#BP