+ Watch BP
on My Watchlist
BP is all things oil and gas. From exploration to refining and selling, it’s among the world’s largest integrated oil companies.
It's difficult to like BP as a company, but it sure is cheap...even after its post-disaster rally. Even with the potential damages from the mess that it helped create in the Gulf, there's no reason that it should trade at a 70% discount to Exxon. Plus, it's possible that RIG will end up having to pay for some of the mess and BP won't be on the hook all by itself.I toyed with buying BP at the height of the disaster, but eventually decided to place my bet on ESV. That worked out well, but now that there is a little less uncertainty BP looks like an interesting bet.Deej
How did you calculate 70% discount to Exxon??
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