BP will be trading in 50's-60's... in 2012. I acquired quite a few shares when the well blew when it bottomed and have held with no plans on ever selling this. What I like about the majors is that they have the capital, resources and know how to get the job done. This is one of them and BP was much larger than just 1 well when it blew in the Gulf, the media was a constant force in assisting the market sentiment in the price dropping. So I shorted all the way down and then bought it back for the rise up to the surface. This will be a bright spot to own in 2012 and beyond.
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