+ 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.
In an efficient market, large cap stocks are only "cheap" for a reason. We may not love BP with the Gulf oil spill still somewhat fresh in our minds, but time heals all wounds. The worst is behind them but the stock hasn't recovered yet. Right now you've got a current P/E of 6 with a sustainable yield of 5%. Why wouldn't you add a little BP to your portfolio at these levels - even if you look it as a speculative play? (Remember S&P 676 at the peak of Subprime? That was only a few years ago. Where are we now??)
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