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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!
Hopefully you find my posts helpful, but in no way should they be construed as advice. Make your own decision. ![Thumbup](images/smilies/thumbup.gif)
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