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Originally Posted by macker
It could be a take over target at this point. As a stock I wouldn't go near it.....40% of their reserves are in the Gulf and they could lose their license to operate in the US if Obama keeps going....You don't really know what you are buying even though it is cheap here....
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A number of top oil analysts see BP as a summer bargain, and predict cash flows could jump as much as 30 percent next year.
The crisis has wiped out $75 billion in shareholder value, but many analysts issued bullish reports yesterday on the company.
"You rarely ever see an event like this pull down a company like BP," said energy analyst Peter Beutel of Cameron Hanover. "Of course, it's not creating any good will or helping its reputation."
The only downside risk would be if BP -- like Exxon before it -- declared bankruptcy to get out from under the mounting cleanup costs and possible civil suit liabilities.
http://www.nypost.com/p/news/busines...6khvd1cWDIQN9H
Cowperson
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