Regardless of what some people say on this board, BP is a good company with solid operating cash flow, lots of cash on hand, a good dividend, a market cap of 93B, and is a great value at these prices. Don't let a bunch of folks shake you out of good positions in your portfolio. Buy when others are fearful; don't sell. I suspect BP will drop under 30 in the near term. Plan to average in slowly & carefully if it does. Hard to say where the bottom will be but it only takes 1 positive headline and this could turn very quickly to the upside. A lot of major institutions hold BP in their top 10 energy portfolios for a reason. Good luck!