Here is Tim Travis’ research report on BP plc (BP) on Mar 25th 2013.   http://seekingalpha.com/article/1305601-bp-the-resolution-of-legal-issues-will-be-the-catalyst-to-propel-the-stock-higherRead More

Here is Tim Travis’ research report on BP plc (BP) on Oct 31st 2012.   http://seekingalpha.com/article/966221-bp-update-on-unpopular-but-undervaluedRead More

Here is Tim Travis’ research report on BP plc (BP) on July 31st 2012.   http://seekingalpha.com/article/766801-bp-unpopular-but-undervaluedRead More

While the media attention has certainly been significant, the renaissance in the U.S. energy business in for real and will continue to have huge implications.  The development of “fracking” techniques to extract gas and oil from shale at a reasonable cost, has opened huge resources for development.  The United States is one of few countries...Read More

There is no doubt that BP blundered tremendously with the Deep Horizon spill in the Gulf of Mexico but the fraudulent claims following this are truly disgraceful.  This type of gaming of our legal system serves to enrich lawyers while hurting just about everyone else in society, particularly business.  I just can’t imagine a self-respecting...Read More

I finally got around to reading the letter that TPG sent to Sandridge Energy (SD) regarding Tom Ward’s mismanagement.  I believe they made an extremely compelling case and indeed the board and management have conducted themselves in an egregious, self-enriching manner.  I believe APA, DVN, and BP are more attractive at this point, but I...Read More

http://seekingalpha.com/article/766801-bp-unpopular-but-undervalued INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.Read More

BP’s stock price has not fully recovered since the Macondo oil spill in 2010 despite rising oil prices.  In my opinion this is primarily a function of uncertainty pertaining the ultimate liabilities.  Once the final numbers are known I believe that it is very likely that BP will see an increase in price to trade...Read More

On December 19th I sent out an email discussing the unbelievably cheap valuations that we were seeing, which you can see from the forwarded email below.  This is just a quick update on how they are faring.  The point is not to get overly excited, just as we don’t want to get overly pessimistic when...Read More

With 2011 coming to a close I think it is very important to lay out our views going into 2012, and how that will affect our investment strategies.  2011 was a very difficult year that saw some of the most successful investors Warren Buffett, Bill Gross, Bruce Berkowitz, John Paulson, Martin Whitman, among many others...Read More