Why BP Is Poised to Keep Bouncing Back
With that in mind, let's take a closer look at BP and see what CAPS investors are saying about the stock right now.
London, U.K. (1889)
Integrated oil and gas
CEO Robert Dudley (since 2010)
CFO Brian Gilvary (since 2012)
$28.3 billion / $46.4 billion
Royal Dutch Shell
Sources: S&P Capital IQ and Motley Fool CAPS.
On CAPS, 94% of the 5,236 members who have rated BP believe the stock will outperform the S&P 500 going forward.
We may not love BP with the Gulf oil spill still somewhat fresh in our minds, but time heals all wounds. The worst is behind them but the stock hasn't recovered yet. Right now you've got a current P/E of 6 with a sustainable [dividend yield] of 5%. Why wouldn't you add a little BP to your portfolio at these levels -- even if you look it as a speculative play? (Remember S&P 676 at the peak of Subprime? That was only a few years ago. Where are we now?)
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The article Why BP Is Poised to Keep Bouncing Back originally appeared on Fool.com.Motley Fool contributor Brian Pacampara has no position in any stocks mentioned. The Motley Fool recommends Chevron. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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