To Profit From Rising Oil, Consider Shares of BP


If you are tired of spending at the pump, one way to lessen the hit is to invest in oil companies and profit from their rising revenue. My recommendation: Buy shares of BP p.l.c. (BP). I put out a buy recommendation on this stock on March 26, 2009 and if you bought shares at that time, you are up about 45%. But the stock has further to go, so I am reiterating my buy rating at a price of $41.72.