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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: w0z who wrote (133526)6/2/2010 6:09:10 PM
From: Jacob Snyder  Read Replies (3) of 206184
 
<there aren’t any buyers (for BP) at this point because the near-term uncertainty is so high.>

And the instant the near-term uncertainty decreases, the stock will be a lot higher. Right now, the stock is pricing in the possibility of 12-19K b/d spill into August.

More likely, BP might sell some assets, especially in places where the political/regulatory climate has gone into deep-freeze. But, looking at the numbers, I don't think they'll need to do even that.
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