BP and RIG Will Be Two of 2010's Best Stocks of the Year
Now this is your chance. Like 2009 where the media and Jim Cramer and TV in general scared you out of huge gains like the banks and stocks that were just too low. How do you feel today not owning BAC when it was under $3 and as Jim Cramer said "nationalization is on the TABLE!". How do you feel not getting in on SIRI or LVS or any of the many airlines that are now multiples higher after just a year ago. UAL went from $3.xx to $20+ today. LVS went from under $2 to over $25 today.
People always complain in after the case of wishing they owned xyz stock when it was low. Now you got the same scare tactics in place for BP and RIG. I own BP and a lot. I own a lot more now after doubling up last week. The media has you thinking BP is doomed for decades to come. They have you thinking they will lose billions on billions on billions. They got you thinking there is no end in sight. Lawsuits, federal cases, negligence, incompetence, etc. Well guys, BP isn't some local goof ball. BP is here to stay. They are a worldwide powerhouse in the oil industry. Yeah they will pay the fines and the suits and carry on. They will be bigger than ever after this is all over.
At under $50/share with over 7% dividend, you would have to be insane to not get on BP if you are not already. I know I'm in.