Cynics Advice on Business: BUY BP

Not being particularly stupid and reading the writing on my wall, I have bought 33 shares of British Petroleum at 32.69; its 52 wk hi was $60+.

I believe that BP has been playing it close to the edge for years and has developed contingency plans for disasters like the one in the gulf; It’s called “due diligence.”  In all probability BP and an army of lawyers and engineers have done cost/benefit analyses and rehearsed worst case scenarios with their PR folks.  I don’t expect to lose money.


About carlos

I'm a curious person, of reasonable intellect, "on the beach" (retired) and enjoying my interest in anthropology, language, civil rights, and a few other areas. I've been a hippie/student/aerospace tech writer in the '60s, a witness to the Portuguese revolution in the ‘70s, a defense test engineer and witness to the Guatemalan genocide in the '80s, and a network engineer for an ISP in the '90s. Now I’m a student and commentator until my time is up. I've spent time under the spell of the Mesoamerican pyramids and the sweet sound of the Portuguese language. I've lived in Europe, traveled in Brazil, Central America, Iceland, New Zealand, and other places. My preferred mode of travel is with a backpack and I eat (almost) anything local. Somehow, many of the countries I have been to have had civil unrest (for which I was not responsible). I'm open to correspond with anyone who might share my liberal, humanist interests. I live in San Buenaventura, California.
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