Quote:
Originally Posted by slavdogg
both RIG and BP are buys.
Transocean aleady got an insurance payout on the rig and is not liable for the leak, BP is. Off shore Drilling moratorium is the only threat here. No dividends here.
BP lost well over 30b in market cap. Exxon Valdez cost exxon $4m or about $10b in todays terms. BP has 7% dividend.
both have short term risks, but long term buys for sure.
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is that video still spewing oil in gargantuan proportions or has it stopped? really, BP, because I would think that the outrage from all the sea life dying and all seafood going to astronomical proportions will bury BP within 2 years