Gulf of Mexico exposure, recent share price fall spells opportunity, some say
By Steve Goldstein, MarketWatch
Last Update: 7:00 PM ET Sep 12, 2006
LONDON (MarketWatch) — BP plc has a busted pipeline in Alaska.
It’s facing probes into a shoddy safety record and allegations of trading manipulations, has a lame-duck chief executive and generates a quarter of its annual production from a country that has seized one rival’s assets and allegedly forced BP to invest in another.
The advice from a large chunk of the sell-side community? Buy.