Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

BHP Billiton continues to offer good value

By Gary Newman

24 September 2015 02:09

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It has been a torrid time of late for mining companies in light of low commodity prices, and even the largest ones have struggled. A number of commodities have been showing signs of bottoming out or even having a bit of a bounce though, and with some of these big companies close to their lowest levels since the 2008 crash, I can see good value in some of them. Top of that list would be BHP Billiton (BLT), which is a company that I have covered before at higher levels and still see as a good longterm buy, even more so at the current share price of around 1041p.

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Comments

alcira16247

28 September 2015, 11:52

Gary

Thanks for another interesting article.

Noted that a number of the ShareProphet writers seem keen on a number of top ranked miners, which appear to be offering good value. Contrarian investing strategy, can produce outstanding investments, no argument. However, its all down to timing and I’m thinking companies in the sector could well have further to fall.

BHP have taken a hammering, today down a further 6%……. just as Anglo American and Glencore are suffering, too…… it seems the market has concerns, that these heavily indebted companies are even going to be able to survive should commodity prices soften and for longer than many boards are anticipating.

Have any of the ShareProphets team any thoughts on a scenario were commodity prices weaken further and longer, say two years……. which of the leading miners or indeed oilers would be the most likely to survive in their current form?