Oil is not down that much.BP price is getting killed this morning.I don't see a reason.As soon as they come up with another deal for the spill, then it's all good.Why sell it now?
I am not worried about it, not one bit. This sector is not in favor right now. People are S.C.A.R.E.D. to get into BP because of more possible litigation and political whiplash. Do you smell the fear? I do. Fear = Future Earnings All RightI usually do not average down but in this case I will.
Oil price and no progress on the settlements.