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BP p.l.c. Message Board

  • raman_ds raman_ds Mar 31, 2011 4:45 PM Flag

    BP is Buy - please read

    Sure, they messed up BIG time in blown up RIG/Oil spill and are paying up for in $$, reputation, shareholders are getting screwed, CEO was disgraced.
    But on contrary, how many companies are there who had technology to shut off the oil well ( US Govt Admitted , BP is best to tackle it), miles under water with robots, pay $40 billion ( preasummingly) in fines and expenses & still survive & restore dividend.
    All the worse news are baked in the stock. Only the worse scenario
    - Gross Negligence ( another 20-25 billion in fines) plus worse if BP is barred from operating in US, can push down stock another $5 dollar to high 30s.
    I would seriously Buy this stock if its goes to low 40's tomorrow. ( 42-43), It is bargain, if u are looking at 1-2 yrs from now.

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