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Opinion on  BP plc (BP)     Sector: Energy  >  Industry: Oil & Gas - Integrated
Neutral on BP ...

Jun 04, 2009 06:27 AM UTC
Return Risk
+10.63% LOW
Analyst

BP:  This call was made on 06/04/09 @ $50.75
Rating:   Neutral/Hold   $50.75 (06/04/09)
Gain/Loss:   +16.69% in 175 days
Target:   $60.00 (+18.23%) in Six months
Allocation:   18.9% of portfolio


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David Pippin   N/A     1 point   commented 174 days ago reply

I think oil has had a nice run up lately. It is hard to stop a significant trend however, I don't think the price of oil is matching demand and supply. I can't see BP going over $55-60 in the near term. Out of all the oil stocks I think BP is the one to own. Even if oil looses upward momentum BP has a great dividend at 6.42%.


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David Pippin previously rated BP
Positive +0.00% Bullish on BP ...
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