Now that i am on the soapbox, there has been some talk of oil companies and conoco phillips splitting and such. However, nobody has really talked about bp. Before the gulf spill, their stock price was ~80 bucks. After the spill, it dropped to the mid 20's and they stopped issuing dividends. As of this year, they announced that they will recontinue their dividend payments and the stock has slowly recovered to ~40. They are also selling two refineries, one them being texas city which has had a bunch of problems in the past. My thinking is that we already know this stock has the potential to reach ~80 bucks and they have continued their dividend payments. They have also started to settle a lot of their court cases, the only big question remaining is what the EPA is going to fine them for? I have my suspicions that this "judgement" is going to be used by the current president or next as some sort of political move and that is why the stock hasnt fully recovered. However, i can see the potential of investing into bp right now and riding out the storm knowing that it has the high likelihood of reaching 80 bucks again, aka 200% gain. Thoughts?Critisism?
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-Aman
1969 Camaro Z/28: W.I.P. Bolt-on Art Morrison MaxG Chassis, LS2 Stroker, 6spd. manual, amongst many other goodies!
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