Is BP a Good Stock?

Ticker Symbol: BP

Is BP a Good Stock Right Now?

July 7, 2010 – Analysts are hopeful, but no one really knows what to expect in the coming quarter from BP. Cleanup costs pertaining to the Deepwater Horizon accident continue to mount and the Brand is taking a beating in the media and from advocacy groups. In early July cleanup costs had exceeded $3 billion. Further backlash may be expected since the spill could put hundreds of thousands of people out of work in Florida, Alabama, Mississippi and Louisiana.

January 15, 2009 - All signs are pointing towards a disappointing February 3rd earnings release for BP. Demand destruction based on rising unemployment and a steep drop in discretionary spending has trumped supply disruptions, sending oil prices lower.

December 8, 2008 - Crude's precipitous drop from the July highs has cut into the oil patch's momentum. If GDP estimates are accurate, projecting several quarters of declining production, and the economy slows as expected, consumer demand for energy is likely to fall. Yet oil is unlikely to see the scale and scope of the recent decline in prices, based solely on how far it has dropped already. BP, along with the rest of the oil majors, could see limited downside risk over the short term, but long-term support could be reached as oil prices near their bottom.

Article Index

• BP Investing
• BP Stock History
• BP Financial News
• BP Charts
• Is BP a Good Stock?