Just shorted.
Been waiting for the divi announcement & the resulting spike in the SP.
Net debt of $25Bln !
Prices being received now are much lower than the previous.
Oil alone at the current price will mean revenue is down by over $1.5Bln on the previous six months, possibly more & that's at $60 oil.
What if it goes to $30 like I expect.
Well over valued imo with a market cap in the region of $170Bln, PE must be around 30+!
Let alone if prices deteriorate !
I reckon BHP could go to $20 in the coming months.
I bet the demerger is crap for share holders to.
Typically they give it away!