$67.96
0.13 (+0.19%)
BHP Billiton Limited (ADR) (BHP)
CAPS Rating:
A diversified resources company that operates in several commodity businesses, including aluminum, energy coal and metallurgical coal, manganese, uranium, silver and titanium minerals, and has interests in oil, gas, liquefied natural gas and diamonds.
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Trying to get in at the bottom of good stocks.
Energy has to go back up at some point, right?
Erm, BHP is base metals, not energy.I agree with you about trying to find a bottom on quality. It's quite hard to determine what's a good bottom for this stock now, since its November $24.xx low was before the canceled RTP bid.I tend to think that this won't bubble anytime soon - the next few months may be pretty ugly still.
BHP is energy /Petroleum as well. http://www.bhpbilliton.com/bb/ourBusinesses/petroleum.jspOwned the stock for 10 years, did not have enough sense to part of it at the pick. I thought a falling dollar could fuel underlying commodity run, but there was only one paragraph in my econ textbook about deflation. If you like commodities and international exposure this is a good pick.
BHP is also best in class and will wait for other miners to fall aprat in pieces from extrmely high debt. I shoter this one, I admit I was wrong with messing with this very well moated company. I fear for RTP and TCK