BP’s stock price has not fully recovered since the Macondo oil spill in 2010 despite rising oil prices. In my opinion this is primarily a function of uncertainty pertaining the ultimate liabilities. Once the final numbers are known I believe that it is very likely that BP will see an increase in price to trade more in line with its peers. BP has taken the right steps through their asset disposition strategy, and while their recent earnings release wasn’t very impressive, they are currently ramping up on some development projects which should boost production. Of the major integrated oil companies I believe that BP offers by far and away the best opportunity for future returns.
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