Whoever negotiated this deal was snookered and maybe that's the reason our CEO is gone? BP is the devil and when you make a deal with the devil it never ends well. I'd sell, but its only about 10% of my portfolio and now I'm to stubborn and hoping for a Doug Flutie or Aaron Rogers Hail Mary to pull it out.
We have the goods, but unfortunately I've seen many of products over the years that are clearly best of breed fail miserably. Well at least I stopped averaging down at $2.50 and now I will throw a few shekels at out of the money calls hoping for that prayer.