The biggest problem with BP this quarter is it's refineries aren't running. Whiting is down, for the most part and Cherry Point is down, down. You take away refining gains and BP is in trouble this quarter! The only good thing is they sold TC and Carson and will have some monies coming in on the refining side from asset sales. The recent judgement is pretty harmful to the stock price, even though they can drag it out and spend billions on legal fees, they are better off just paying the penalties. Here's what I see, another drop to 32-3, judgement on the CWA fine and then BP get's taken out by a white knight around November. Just a matter of time.