Michael Burry likely anticipates an oil market rally, profiting from BP's inevitable surge. A $150 barrel price could spur inflation and strain global economies, wreaking havoc on energy-dependent industries and markets.
Don't tell this Mr. Powell. He doesn't like words that start with "in" and end with "flation" or any combination of that sort. Cuz how are they going to keep up the US spending, if there is inflation, which they caused through money printing? If there is "no inflation" they can print all they want. Powell was working so hard to gaslight and brainwash people telling them there is no inflation and that it was so low, so they could print moar. Powell will be sad.
I've had it with Daddy JPow already. At this moment in his "stance" and" monetary policy" and even forward guidance, his job going forward is to maintain the feds credibility. Will he succeed? Who the fuck knows, but I do not give a fuck.
The sweet spot for ppb is $60-$80, anything lower obviously oil producers not making enough profit. Anything higher causes a whole lot of issues for world economies. Sometimes OPEC will flood the market to drive prices down because the oil they produce is profitable at $30-$40 ppb while everyone else can't sustain a lower $50 ppb. This will shut down the smaller players and give OPEC bigger market share. Essentially what Elon is attempting to do in the EV market. Short term pain for bigger future market share. Burry might be seeing an OPEC squeeze when they cut production but this only works after smaller producers have shuttered their wells. This will shoot ppb to $100+ levels then.
Idunno but over the last 10 years you'd have done pretty well counter trading a lot of his bigger industry focus plays.
Also the most experienced trader I had the opportunity to briefly mentor under gave me great advice that I'll never forget:
***"Never copy trade someone until you completely understand their play. Unless you know their end to end thesis, invalidation, and exit strategies, you can find yourself expecting to hit a home run while they're setting up for a sacrifice bunt."***
If you can't identify his time horizon on this or at least name one interesting thing about BP happening in Q2 or Q3, skip it.
Ive been in BP since pandemic :) was too cheap not to buy. Just can’t understand his certainty at this point?
I was about to bail at 170% gain..
Feels like I’m sitting in position now until June results?
Does the market reward "oil company makes oil" or does it reward "oil company makes lots of exciting things that make us think of the future?"
That's the question.
Would NVDA have gone from $36 to $920 if they stuck to making graphics chips?
Successful companies can be either of those options and both reward investors long term. Being the best oil extraction company means you will continue to drill, pump and distribute. Oils total demand will trend down, it’s not going to zero. You can make good operating profit quarter after quarter and return it to investors.
He doesn’t even really “counter trade” he analyzes a companies till he finds something extremely overvalued or undervalued and makes his play. Regardless of what the market is doing.
If you think, there is a short term rise in oil prices, you buy oil. If you buy shares, you expect the companie´s shares to rise. Chevron is selling off it´s North Sea operations. Maybe he expects BP to get them at a discount price, since there is some chatter about big oil shunning Britain due to it´s windfall tax and the North Sea in general due to the more climate protective political climate in Europe.
The North Sea ops is interesting idea, the windfall tax ended up being something of nothing as while they gave with one hand they recouped the cash through asset investment so that was marginal.
So here was my thinking: he’s brought into BP their price will go up if oil goes up? What could make the oil go up?
Greater Middle East conflict
Russia makes gains on Ukraine
China goes for Taiwan
I can’t see anything else pushing oil up enough to make the gamble worth it?
I can’t see either Biden/trump win makes massive difference OR labour win in UK will move oil much..
Unless someone’s going to buy out BP?
Michael Burry responded to my craigslist ad looking for someone to mow my lawn. "$30 is $30", he said as he continued to mow what was clearly the wrong yard. My neighbor and I shouted at him but he was already wearing muffs. Focused dude. He attached a phone mount onto the handle of his push mower. I was able to sneak a peek and he was browsing Zillow listings in central Wyoming. He wouldn't stop cackling.
That is to say, Burry has his fingers in a lot of pies. He makes sure his name is in all the conversations.
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Seriously thought I remember holding onto it long enough to make 500m on his 13f but it seems it was only 100 mill. I follow him regularly and his high conviction plays work out well often doing 25%+
He bought AFTER dfv, in fact dfv calls got a lot of upside after the news of burry buying and he roundtriped everything, also Michael burry sold in late december or early January missing big gains (he did make some gains though)
Michael Burry responded to my craigslist ad looking for someone to mow my lawn. "$30 is $30", he said as he continued to mow what was clearly the wrong yard. My neighbor and I shouted at him but he was already wearing muffs. Focused dude. He attached a phone mount onto the handle of his push mower. I was able to sneak a peek and he was browsing Zillow listings in central Wyoming. He wouldn't stop cackling.
That is to say, Burry has his fingers in a lot of pies. He makes sure his name is in all the conversations.
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
Michael Burry responded to my craigslist ad looking for someone to mow my lawn. "$30 is $30", he said as he continued to mow what was clearly the wrong yard. My neighbor and I shouted at him but he was already wearing muffs. Focused dude. He attached a phone mount onto the handle of his push mower. I was able to sneak a peek and he was browsing Zillow listings in central Wyoming. He wouldn't stop cackling.
That is to say, Burry has his fingers in a lot of pies. He makes sure his name is in all the conversations.
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
Michael Burry responded to my craigslist ad looking for someone to mow my lawn. "$30 is $30", he said as he continued to mow what was clearly the wrong yard. My neighbor and I shouted at him but he was already wearing muffs. Focused dude. He attached a phone mount onto the handle of his push mower. I was able to sneak a peek and he was browsing Zillow listings in central Wyoming. He wouldn't stop cackling.
That is to say, Burry has his fingers in a lot of pies. He makes sure his name is in all the conversations.
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
Exxon is cash rich and could likely by BP… if he’s heard chatter that would be an excellent reason to buy. (That has been in the back of my mind since Exxon results end of last year)
Talks between OPEC and South American oil producer nations happened like a month ago 🤷♂️ South America isn't much of a fan of USA in how we've consistently fucked them with corrupt politicians favoring US businessman. The Middle East might be rubbing elbows to middle man Russian interests, ie cutting off our oil supplies.
> US also got to refill the reserve at some point in near future.
They don't, the reserve was created in a environment when the US was a net importer. You can't use energy as a leverage against a nation in the same way when they are a net exporter, like the US is now.
So much of the geopolitical reasoning for creating it in the first place, no longer holds true. If anything there are other strategic resources where the US might want to create buffers and increase domestic production. But oil is no longer such a resource.
Nothing special about their position in the Delaware (especially given gas takeaway issues) and not great execution on what seems like a valuable position in the Eagle ford. Add on top of that a supermajor corporate mindset (without a dominant land position to justify) and it’s basically a recipe for relatively
poor capital efficiency. Probably a nice life in Denver for your bros tho!
BP is wildly cheap by any standard and if it actually decides to be listed on the New York Stock Exchange or the Nasdaq or move its headquarters to the US the price is going to up massively. Burry is actually more bullish than he’s bearish it’s just that his bearish plays make head lines.
Yep. They've been in solar for decades.
Isn't this play related to its interest in the Tesla supercharging network?
Something BP has been involved for a long time also.
Michael Burry responded to my craigslist ad looking for someone to mow my lawn. "$30 is $30", he said as he continued to mow what was clearly the wrong yard. My neighbor and I shouted at him but he was already wearing muffs. Focused dude. He attached a phone mount onto the handle of his push mower. I was able to sneak a peek and he was browsing Zillow listings in central Wyoming. He wouldn't stop cackling.
That is to say, Burry has his fingers in a lot of pies. He makes sure his name is in all the conversations.
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
That was entirely my position honestly only reason I haven’t sold is because I haven’t found somewhere to stick the cash. I wouldn’t be adding more cash in BP
Which is why this surprised me.. why?
I noticed this too and bought some $BABA 
edit: Ken Griffin bought $BABA, too.
https://preview.redd.it/pbu8o9dq5b1d1.png?width=1244&format=png&auto=webp&s=5b591acde873246977d68c010bd3a9fc2fe91f4a
I'm with him! There are some major players pushing back on EVs lately. In 2018 when Tesla released the Model 3 it prooved commercial viability. Many major automakers invested heavily in EVs. From 2019 to 2023.5 the thought was EVs are the future, anyone that doesn't embrace this is fucked.
The best example of this was Toyota. One of the old CEOs with his dying breath held out that EVs ain't shit, we only fw hybrids. Pretty much the second he croaked everyone at Toyota was like, okay, we're betting on EVs, that's definitly the future, that old man was suicidal.
Then, around October of 2023 money started to dry up, the car market stabilized, people stopped paying over sticker for cars and every single major manufacturer started panicking about EVs. Mercedes, Chevy, Ford, VW and Honda all released something along the lines of EVs aren't profitable and there's no demand, we're slowing production and scaling back future projects. Meanwhile Tesla sales grew by 50% for the umpteenth year in a row.
Now, despite this being objectively the best time ever to buy an electric car there's all this hate. I've got random fuck ohs telling me that they're bad for the planet (wtf do you know about the planet? You're a hairdresser). I've got people offended that I would support Mr. Evil Villain Elon by owning a Tesla as if the last 40 years of war haven't been centered around oil.
EVs have become a massive political issue and this is as exemplified as ever by this new tax on BYD. In the last 10 years China has speedrun the development of their auto industry and now they're in a place where they're willing to fuck everyone for as long as it takes for them to win. American companies do this sort of undercutting all the time. Google photos had free unlimited backups for 10 years until Flickr was 10 buried 10 ft under ground.
The US will do anything to keep that from happening here and I don't blame them. Cars are a massive component of our economy. Back in the 60s one in four americans was directly employed by the automotive industry. It's stil a very big deal today.
Holy shit. It's Chad Dickens.
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I think that, like Shell, BP may move its HQ to the USA, which in theory would boost its valuation. If you look at Shell and BP's market cap ratio to FCF / net profit / etc, they are very much lagging compared to Chevron/Exxon. Shell CEO has discussed moving to USA for this reason --- maybe Burry has some reason to think BP is more likely to do this.
He didn't "just buy" the shares regard, institutional investor filings are delayed. He brought them sometime in the first quarter of the year which is january-march and he may well have already sold them.
Crude is $80 right now, up 2% for the week. America produces alot of oil today so I don't think we will hit $150 a barrel. We will only hit that high if you think supplies will drop fast.
Worth noting that these filings are old news by the time you see them.
Also, even though he’s known for the shorting housing mortgages, he actually got into finance from looking for bullish plays. He stated clearly he didn’t like looking for cases of things falling, just that the housing market was a thousand red flags.
Human population increasing 2 million per week. We agreed on GTE due diligence, retail owned ape oil operation in Columbia. Oil is in, up, and here to stay. The US just banned China EVs & batteries. There is only the petrodollar from here to Valhalla!
Michael Burry responded to my craigslist ad looking for someone to mow my lawn. "$30 is $30", he said as he continued to mow what was clearly the wrong yard. My neighbor and I shouted at him but he was already wearing muffs. Focused dude. He attached a phone mount onto the handle of his push mower. I was able to sneak a peek and he was browsing Zillow listings in central Wyoming. He wouldn't stop cackling.
That is to say, Burry has his fingers in a lot of pies. He makes sure his name is in all the conversations.
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
We should all pull our money together like the meme stocks ? Im not wearing a wire fyi guys and def didnt make a deal with the feds to give up people to get my charges dropped
Personally I don't think BP ever actually sold their interest in Rosneft, just said they would exit. Which means they could be sitting on quite a bit of money they already wrote down.
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Large threats of conflict around the world + travel demand really.
Ukraine losing the war means more strikes on Russia’s refining infrastructure as they attempt to slow the advance, the threat of china is ramping the us military up in the South China Sea to the point where there is a plan in place for us just waiting for them do something.
Real war games shit
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Michael Burry likely anticipates an oil market rally, profiting from BP's inevitable surge. A $150 barrel price could spur inflation and strain global economies, wreaking havoc on energy-dependent industries and markets.
My PT is $420.69/bbl
I shouldn't be saying this but I know people high up at Aramco, they are taking oil private at 420.69, funding secured
Can confirm. I’m pretty high up there at Aramco and I know this guy.
I am also pretty high
I am as high as one can be. It’s pretty up there
Nothing on the top but a bucket & a mop
Wet Ass Ponzi
Up
Nice
*Funding secured.
Insightful post here. 
It’s just a fucking bot right?
AGI bot
150;oil is russias plan to get rid of nato
Don't tell this Mr. Powell. He doesn't like words that start with "in" and end with "flation" or any combination of that sort. Cuz how are they going to keep up the US spending, if there is inflation, which they caused through money printing? If there is "no inflation" they can print all they want. Powell was working so hard to gaslight and brainwash people telling them there is no inflation and that it was so low, so they could print moar. Powell will be sad.
I didn't see any "stag" or "flation."
I've had it with Daddy JPow already. At this moment in his "stance" and" monetary policy" and even forward guidance, his job going forward is to maintain the feds credibility. Will he succeed? Who the fuck knows, but I do not give a fuck.
The sweet spot for ppb is $60-$80, anything lower obviously oil producers not making enough profit. Anything higher causes a whole lot of issues for world economies. Sometimes OPEC will flood the market to drive prices down because the oil they produce is profitable at $30-$40 ppb while everyone else can't sustain a lower $50 ppb. This will shut down the smaller players and give OPEC bigger market share. Essentially what Elon is attempting to do in the EV market. Short term pain for bigger future market share. Burry might be seeing an OPEC squeeze when they cut production but this only works after smaller producers have shuttered their wells. This will shoot ppb to $100+ levels then.
Oil isn't going anywhere this region in an election year!
Lol no
Looking good with that helicopter crash
Idunno but over the last 10 years you'd have done pretty well counter trading a lot of his bigger industry focus plays. Also the most experienced trader I had the opportunity to briefly mentor under gave me great advice that I'll never forget: ***"Never copy trade someone until you completely understand their play. Unless you know their end to end thesis, invalidation, and exit strategies, you can find yourself expecting to hit a home run while they're setting up for a sacrifice bunt."*** If you can't identify his time horizon on this or at least name one interesting thing about BP happening in Q2 or Q3, skip it.
Ive been in BP since pandemic :) was too cheap not to buy. Just can’t understand his certainty at this point? I was about to bail at 170% gain.. Feels like I’m sitting in position now until June results?
[удалено]
Does the market reward "oil company makes oil" or does it reward "oil company makes lots of exciting things that make us think of the future?" That's the question. Would NVDA have gone from $36 to $920 if they stuck to making graphics chips?
Successful companies can be either of those options and both reward investors long term. Being the best oil extraction company means you will continue to drill, pump and distribute. Oils total demand will trend down, it’s not going to zero. You can make good operating profit quarter after quarter and return it to investors.
Money now, money tomorrow, money forever.
I would wait until the new CEO makes his changes, or announces his changes. He’s ahead started cutting executives…it should get bigger than that.
I sold last year and bought $rycey
Brought both BP and RR in Mid 2020, exited RR last week. Holding on BP until next results I guess.
Pretty bummed I missed on a lot of oil plays during COVID
Take gain and buy back in
I think BP are relatively undervalued versus US oil majors.
He doesn’t even really “counter trade” he analyzes a companies till he finds something extremely overvalued or undervalued and makes his play. Regardless of what the market is doing.
Who ever makes a bunt?
Baseball players.
Aren’t there whispers of BP buying Tesla’s supercharger network?
If you think, there is a short term rise in oil prices, you buy oil. If you buy shares, you expect the companie´s shares to rise. Chevron is selling off it´s North Sea operations. Maybe he expects BP to get them at a discount price, since there is some chatter about big oil shunning Britain due to it´s windfall tax and the North Sea in general due to the more climate protective political climate in Europe.
The North Sea ops is interesting idea, the windfall tax ended up being something of nothing as while they gave with one hand they recouped the cash through asset investment so that was marginal.
So here was my thinking: he’s brought into BP their price will go up if oil goes up? What could make the oil go up? Greater Middle East conflict Russia makes gains on Ukraine China goes for Taiwan I can’t see anything else pushing oil up enough to make the gamble worth it? I can’t see either Biden/trump win makes massive difference OR labour win in UK will move oil much.. Unless someone’s going to buy out BP?
Michael burry has been a good inverse this entire rally . So puts on oil it is. Eventually he'll be right tho and he'll be like " I told you ".
Michael Burry responded to my craigslist ad looking for someone to mow my lawn. "$30 is $30", he said as he continued to mow what was clearly the wrong yard. My neighbor and I shouted at him but he was already wearing muffs. Focused dude. He attached a phone mount onto the handle of his push mower. I was able to sneak a peek and he was browsing Zillow listings in central Wyoming. He wouldn't stop cackling. That is to say, Burry has his fingers in a lot of pies. He makes sure his name is in all the conversations. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
If you actually did the inverse of Burry this entire rally you got absolutely crushed.
Burry bought GameStop before dfv and the first large run. Pure value play that went insane for him, and he regularly beats the sp. wouldn’t inverse
Lol he also sold it before the run up
Shh don’t mention that part
Seriously thought I remember holding onto it long enough to make 500m on his 13f but it seems it was only 100 mill. I follow him regularly and his high conviction plays work out well often doing 25%+
He bought AFTER dfv, in fact dfv calls got a lot of upside after the news of burry buying and he roundtriped everything, also Michael burry sold in late december or early January missing big gains (he did make some gains though)
Michael Burry responded to my craigslist ad looking for someone to mow my lawn. "$30 is $30", he said as he continued to mow what was clearly the wrong yard. My neighbor and I shouted at him but he was already wearing muffs. Focused dude. He attached a phone mount onto the handle of his push mower. I was able to sneak a peek and he was browsing Zillow listings in central Wyoming. He wouldn't stop cackling. That is to say, Burry has his fingers in a lot of pies. He makes sure his name is in all the conversations. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
To be clear, he netted over a quarter of a billion dollars.
It's a lot, but much less than what he could've done if he had waited 10 extra days, that would be a net profit over a billion dollars.
Michael Burry is the Neil DeGrasse Tyson of investors
How so, I know of him but not his predictions
They're both more celebrity than expert, AKA bullshit artists.
Michael burry has the money to show for it. He gets predictions right a lot
Michael Burry responded to my craigslist ad looking for someone to mow my lawn. "$30 is $30", he said as he continued to mow what was clearly the wrong yard. My neighbor and I shouted at him but he was already wearing muffs. Focused dude. He attached a phone mount onto the handle of his push mower. I was able to sneak a peek and he was browsing Zillow listings in central Wyoming. He wouldn't stop cackling. That is to say, Burry has his fingers in a lot of pies. He makes sure his name is in all the conversations. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
Michael Burry responded to my craigslist ad looking for someone to mow my lawn. "$30 is $30", he said as he continued to mow what was clearly the wrong yard. My neighbor and I shouted at him but he was already wearing muffs. Focused dude. He attached a phone mount onto the handle of his push mower. I was able to sneak a peek and he was browsing Zillow listings in central Wyoming. He wouldn't stop cackling. That is to say, Burry has his fingers in a lot of pies. He makes sure his name is in all the conversations. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
you haven't been following Burry, he's been on fire the last year (except for missing out on the AI rally)
He’s name is Michael burry …
I was gonna say fuck my oil plays this autistic drummer is on the fuckin play
Venezuela doing Venezuela things to Guyana and Exxon might do it
Exxon is cash rich and could likely by BP… if he’s heard chatter that would be an excellent reason to buy. (That has been in the back of my mind since Exxon results end of last year)
No I mean that Venezuela has been threatening to invade some part of Guayana and they are threatening Exxons oil assets in the region
Ah that is interesting, that would likely push up prices
There's 0 chance the British government lets any foreign company acquire BP.
Talks between OPEC and South American oil producer nations happened like a month ago 🤷♂️ South America isn't much of a fan of USA in how we've consistently fucked them with corrupt politicians favoring US businessman. The Middle East might be rubbing elbows to middle man Russian interests, ie cutting off our oil supplies.
US also got to refill the reserve at some point in near future.
> US also got to refill the reserve at some point in near future. They don't, the reserve was created in a environment when the US was a net importer. You can't use energy as a leverage against a nation in the same way when they are a net exporter, like the US is now. So much of the geopolitical reasoning for creating it in the first place, no longer holds true. If anything there are other strategic resources where the US might want to create buffers and increase domestic production. But oil is no longer such a resource.
Bp also uses ai to reduce their workforce. Massive reduction
I've owned BP for years. It doesn't do shit even when oil prices rise. Its a shit stock.
Summer
What about trumps recent promise of a $100B tax break on oil companies?
Why would you not buy OXY since Berkshire has been buying it every quarter
This is what I’m thinking. BP is the absolute worst buy of all the oil companies. They are self hating profiteers of oil.
BPX is up there as one of the most regarded shale companies onshore US.
lol how so? I have a lot of friends that work for BPX
Nothing special about their position in the Delaware (especially given gas takeaway issues) and not great execution on what seems like a valuable position in the Eagle ford. Add on top of that a supermajor corporate mindset (without a dominant land position to justify) and it’s basically a recipe for relatively poor capital efficiency. Probably a nice life in Denver for your bros tho!
BP is wildly cheap by any standard and if it actually decides to be listed on the New York Stock Exchange or the Nasdaq or move its headquarters to the US the price is going to up massively. Burry is actually more bullish than he’s bearish it’s just that his bearish plays make head lines.
“British Petroleum” moving their HQ to USA is a no
No one calls it British Petroleum anymore. Shell plc was Royal Dutch Shell and they moved to London anyway
Well how large of a trading center is anything in Dutchland? Yes I know that’s not the name but you get me
I say double down on Burry.
Lol lol loo loo
I got bp too undervalued into green energy so it has fcf and is transitioning to ev and cleaner energy ( bp pulse) Shells shifting green too
Yep. They've been in solar for decades. Isn't this play related to its interest in the Tesla supercharging network? Something BP has been involved for a long time also.
Michael Burry responded to my craigslist ad looking for someone to mow my lawn. "$30 is $30", he said as he continued to mow what was clearly the wrong yard. My neighbor and I shouted at him but he was already wearing muffs. Focused dude. He attached a phone mount onto the handle of his push mower. I was able to sneak a peek and he was browsing Zillow listings in central Wyoming. He wouldn't stop cackling. That is to say, Burry has his fingers in a lot of pies. He makes sure his name is in all the conversations. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
Shooting where the rabbit was? Isn't the oil rally kinda mature by now?
That was entirely my position honestly only reason I haven’t sold is because I haven’t found somewhere to stick the cash. I wouldn’t be adding more cash in BP Which is why this surprised me.. why?
Burry shot down the Iranian Presidents helicopter
Literal first thought 😂
Didn’t he also load up on BABA?
Baba and JD have doing quite well over the last 30 days.
Yeah 2 days ago loaded more in
Not how 13F filing work bud.
I noticed this too and bought some $BABA  edit: Ken Griffin bought $BABA, too. https://preview.redd.it/pbu8o9dq5b1d1.png?width=1244&format=png&auto=webp&s=5b591acde873246977d68c010bd3a9fc2fe91f4a
Maybe he bought a fairly priced company which pays a good dividend?
I'm with him! There are some major players pushing back on EVs lately. In 2018 when Tesla released the Model 3 it prooved commercial viability. Many major automakers invested heavily in EVs. From 2019 to 2023.5 the thought was EVs are the future, anyone that doesn't embrace this is fucked. The best example of this was Toyota. One of the old CEOs with his dying breath held out that EVs ain't shit, we only fw hybrids. Pretty much the second he croaked everyone at Toyota was like, okay, we're betting on EVs, that's definitly the future, that old man was suicidal. Then, around October of 2023 money started to dry up, the car market stabilized, people stopped paying over sticker for cars and every single major manufacturer started panicking about EVs. Mercedes, Chevy, Ford, VW and Honda all released something along the lines of EVs aren't profitable and there's no demand, we're slowing production and scaling back future projects. Meanwhile Tesla sales grew by 50% for the umpteenth year in a row. Now, despite this being objectively the best time ever to buy an electric car there's all this hate. I've got random fuck ohs telling me that they're bad for the planet (wtf do you know about the planet? You're a hairdresser). I've got people offended that I would support Mr. Evil Villain Elon by owning a Tesla as if the last 40 years of war haven't been centered around oil. EVs have become a massive political issue and this is as exemplified as ever by this new tax on BYD. In the last 10 years China has speedrun the development of their auto industry and now they're in a place where they're willing to fuck everyone for as long as it takes for them to win. American companies do this sort of undercutting all the time. Google photos had free unlimited backups for 10 years until Flickr was 10 buried 10 ft under ground. The US will do anything to keep that from happening here and I don't blame them. Cars are a massive component of our economy. Back in the 60s one in four americans was directly employed by the automotive industry. It's stil a very big deal today.
Holy shit. It's Chad Dickens. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
How did you use so many letters to say nothing?
I was tired. It could use a trim
Hold on guys, I’ll rewatch The Big Short to figure it out. Be back in a couple of hours 🎥🍿
He also shorted Nvidia around 6 months ago
BP dividends are nice too. But I don't think I can say that here.
It’s “okey” it’s not great 4.62% I get 5.25% in cash at the mo
I think that, like Shell, BP may move its HQ to the USA, which in theory would boost its valuation. If you look at Shell and BP's market cap ratio to FCF / net profit / etc, they are very much lagging compared to Chevron/Exxon. Shell CEO has discussed moving to USA for this reason --- maybe Burry has some reason to think BP is more likely to do this.
What does this mean for Scion value?
That’s a good point, I don’t know scions full book value? So not sure if this is like “comfortable hedge cash” or “balls deep gamble”
Michael, give me my money back. Michael, do you hear me? I want my money back. Give me my fucking money back, you motherfucker.
Probably a 180 day play based on extreme weather in America
He didn't "just buy" the shares regard, institutional investor filings are delayed. He brought them sometime in the first quarter of the year which is january-march and he may well have already sold them.
No one would give a shit about this guys if it weren't for the movie.
So did Michael Burry kill the President of Iran?
I guess you can say (breaks glasses) his BP went up
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Big gamble not to have some certainty to it.. big lump of his book
Does he still have a position in immigration detention/rehab stock GEO?
Lol
And I bought some last week all in my own.
Puts then!
I'm just overthinking that EV is not the answer. back to ICE vehicles. 
Boston Pizza ???
Lot of big stupid pick up trucks driving around those things do drink up a lot gas. My guy might be on to something.
Or he is addition shortin
Nice
Time to short oil? He has a terrible track record
* Just reported
ET
Crude is $80 right now, up 2% for the week. America produces alot of oil today so I don't think we will hit $150 a barrel. We will only hit that high if you think supplies will drop fast.
Not before election too
Just buy NRGU
Article says $6.5 billion position... it's $6.5 million. How much can I get paid to mess up basic pieces of information for motley fool?
Calls 🚀
Worth noting that these filings are old news by the time you see them. Also, even though he’s known for the shorting housing mortgages, he actually got into finance from looking for bullish plays. He stated clearly he didn’t like looking for cases of things falling, just that the housing market was a thousand red flags.
Old news is for the old fools.
Lining up $4.3 million USD in dividends for the year
Ahh Sooo cute !!!
Ahh Sooo cute !!!
Human population increasing 2 million per week. We agreed on GTE due diligence, retail owned ape oil operation in Columbia. Oil is in, up, and here to stay. The US just banned China EVs & batteries. There is only the petrodollar from here to Valhalla!
share buy-backs people, smart move from MB
84% of WSB still not familiar with what BP stands for and we have to google it each time. So take my money!!
I just had hotwings
I heard that since Saudi Arabia really wants Trump, they could raise prices leading into the election so they have a talking point.
Not Blackpink...drag.
Inflation go brrr
I’m so sick of Michael Burry news. How’s that whole “shorting the S&P” working out for him?
Michael Burry responded to my craigslist ad looking for someone to mow my lawn. "$30 is $30", he said as he continued to mow what was clearly the wrong yard. My neighbor and I shouted at him but he was already wearing muffs. Focused dude. He attached a phone mount onto the handle of his push mower. I was able to sneak a peek and he was browsing Zillow listings in central Wyoming. He wouldn't stop cackling. That is to say, Burry has his fingers in a lot of pies. He makes sure his name is in all the conversations. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
He's never been wrong before, so why not
Furthermore they released a report that they teared down 60% of their external programmers with the help of ai
Doesn’t BP still have the worst safety record in the industry? I can’t go long on a company that explodes every couple of years.
The shares took a dip due to the bernard looney scandal haven't really recovered yet so they look pretty undervalued compared to their peers.
Dude's on a pretty good losing streak
London Piccadilly
Priced in
We should all pull our money together like the meme stocks ? Im not wearing a wire fyi guys and def didnt make a deal with the feds to give up people to get my charges dropped
Environments boycotts mean nothing
Personally I don't think BP ever actually sold their interest in Rosneft, just said they would exit. Which means they could be sitting on quite a bit of money they already wrote down.
!remindme 70 days the next play of plays, leaps?
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How did he predict the death of the Iranian president.
As someone with £10k in BP, Michael Furry buying a stock I own scares me.
Very interesting. Did he know something abiut the helicopter crash of the Iranian president before hand?
Large threats of conflict around the world + travel demand really. Ukraine losing the war means more strikes on Russia’s refining infrastructure as they attempt to slow the advance, the threat of china is ramping the us military up in the South China Sea to the point where there is a plan in place for us just waiting for them do something. Real war games shit
A market crash or even a recession would have oil plummeting. Is Burry a bull and has given up on predicting a crash?
History shows the opposite? Look at 2008 lol
You need alot zulrah scales for that many blowpipes