I spend most of my investing energy focused on long-term, tax-advantaged investment options. But I can’t help but be curious about potential quick money makers like this one…
BP stock has lost about 50% of it’s value over the last 3 months. The Deepwater Horizon explosion and subsequent oil spill have sent the stock on a downward spiral. However, with the recent discussions and agreements with the US Government, the stock seems to have stabilized around $30, with some people saying that BP is now a buy.
What’s your take? Are their any active traders out there that are taking a calculated risk with BP stock? If so, I’d love to hear your analysis in the comments below.
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Yes, BP is a great stock to invest in as for as long term goes. this is simply because the US goverment doesn't want to pay for BP's mistake, therefore they need BP to stay in business to generate cash to pay for the cleanup. BP is a oil giant and has over 8 billion in reserve cash. This company turns over a billion a quarter in profits. You will double your money in 10 years
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