| Author |
Topic |
Pigmalia
Dignitary
 |
 Tue Jun 22, 2010 4:33 pm     |
I'm starting to think so. At their current price they can pay a 11% dividend, once the crisis is over of course. 20 billion is a big chunk for upfront payouts, but I suspect they could endure costs up 100 billion with little long term effect, though it would be hard to absorb for a couple years. I'd say my biggest concern would be seizure by Obama, but given the multinational scope of BP that's unlikely.
So it could be a good play to pick up BP. I'm watching it now.
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| posts: 4734 | location: Autonomous Inland Empire - Occupied | joined: 02 Feb 2006 |
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