Should I buy BP?
BP Exec by Mike Mitchell
This is an interesting question, for a number of reasons. I won’t go into too much detail here on BP (BP); you should make your own decisions…but consider this:
Yes.
- Stock is already at 50% of it’s highest value for the year.
- Might get bought by another company which will immediately make the value more.
- Over the long term, oil is only going to increase in value.
- Crowd seems to think its a good buy: you see a bounce after every big drop, thats from others scooping it up.
No.
- They haven’t even made a dent in the leak.
- Company is literally hemorrhaging billions of dollars.
- Lawsuits against BP.
- Obama’s oil fund is going to be expensive.
- Rebuilding their image is going to be expensive.
What do you think?
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British Petroleum is one of the biggest company from this industry and must be very responsible when a problem of environment appear.