Don't get me wrong, the Gulf oil spill is absolutely terrible. I hate to see that they haven't found a way to permanently cap that well. For those of you that play in the stock market, it is reported on CNN Money that other big oil companies are thinking takeover since BP stock has dropped nearly 50% in 3 months. The article is here.
http://money.cnn.com/2010/07/01/news/companies/bp_merger_talk/index.htm
I am not for sure which way this stock is going go but takeovers often mean a substantial shift one way or the other. The stock rose today on that news.
Take a look here also
http://www.dailyfinance.com/earnings/bp-p-l-c/bp/nys/analyst-recommendations
Analyst recommends buy but I seen a few others that think it could be like buying a house while its on fire. The only thing for sure is that its risky.
Thoughts