When to buy BP?

The Coffee Shop
1

Considering a move into BP. We’re heavy in energy right now, but all of it is long term and a BP purchase would be also…

At current price, divvies look nice, but I wonder about long term implications of lawsuits.

2

I’d be cautious. The administration will likely target them to make a statement to the public. I would invest in XOM or COP instead.

3

Not yet.

4

BP will get the blame and the bill for all this. BP will then spend the next 10 years locked in litigation suing everyone below them to recoup costs. It’s going to be a long road.

5

BP will get the blame and the bill for all this. BP will then spend the next 10 years locked in litigation suing everyone below them to recoup costs. It’s going to be a long road.

x2 BP, Halliburton, and Transocean have already started the pre-litigation kabuki dance.