BHP WTF - The Sequel, page-93

"Probably not the best stocks to set and forget forever, a bank is better for that. That being said Natural gas is up 10% overnight and BHP is one of the top producers. Will see how that boost the share price will hopefully help us get back to mid 40s over next week or so."

@MrMediocreGuy ,

Unfortunately, the sale of BHP's petroleum business to WPL - if it is to proceed (which it almost certainly will given the developments on global energy markets since the announcement of the proposed sale) - will be effective 1 July 2021.

Which means that the current soaring gas and oil prices will be for the enjoyment of the shareholders of WPL, not BHP.


Had the BHP board waited a mere 6 months to divest their oil and gas assets, they would have achieved a significantly higher valuation.

I mean, the signs of a tightening energy market - due to global economic recovery combined with years of under-investment in upstream capacity - were all there for even rookie market observers to see.

But not, evidently, the excessively remunerated folk running BHP; they are in the energy business yet they couldn't see it coming.

Yet another example, I guess, of BHP management's tactical ineptitude.

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