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After the oil spill, Canadian Capitalist started a thread looking for your opinions on whether BP was a value stock, or if the spill was too big a disaster. If you bought BP stock at the right time (mighty big if, calling a bottom like that is more luck than anything else) you would have already seen a 34% return (numbers approximate) on your investment. If you chose TransOcean, you would have already returned 27.5% and their P/E ratio is still under 7. So my questions to you:
Did you/will you buy stock in either one?
Do you think there is still considerable risk regarding the clean up efforts?



CC's thread:
http://canadianmoneyforum.com/showthread.php?t=2681
 

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I think there is risk in BP. That is why there can be substantial upside reward. Right now the biggest opportunity is for them to sell the 60000 bbl/day well to a third party. This is likely why they are planning to replace the BOP. And avoid filling the lower pipes with concrete.
 
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