Quote:
Originally Posted by Cowperson
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 |
And when do the analysts think they get things plugged up. Last week BP thought they were on track.....then August.....then November.....then next year.....there goes your 30%.....there are lots of better companies out there right now and this one will be on sale for a long time....with the clean up bill/lawsuits/looming bankruptcy I can't think of a company in a worse predicament off the top of my head...Better to look at areas that will benefit long term from this situation such as Nuclear etc...