2010-06-01

BP still in business

BP is not yet in danger of bankruptcy, says one financial analyst.  I'm in agreement, BP does have a large amount of cash reserves.  I also agree that investors are the ones who are really killing BP.  Consumers have short minds, and BP could always rebrand as Amoco.  But as an investor right now I'd put my money into Total (TOT), which has a juicy yield without any of the baggage.

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