The Day 50 Oil Spill Trade: Buy the Beneficiaries of the BP Bust
How can anyone feel ‘good’ about owning BP (NYSE:BP) stock right now? Why would anyone want to stop at a BP gas station to continue supporting BP’s wallet with our money?
BP recently spent $50 million dollars on an advertising campaign to improve their image during a time of crisis. However, BP needs to apply that money directly to the problem: the gushing hole they created.
Right now, I strongly believe you should be reshaping your energy portfolio with companies that are in no way agents of this disastrous oil spill, but beneficiaries of BP’s market share. Here are 7 stocks you need to consider as a boycott to BP:
Chevron (CVX): $70.45 per share
Proctor & Gamble (PG): $61.19 per share
ExxonMobil (XOM): $60.48 per share
Shell (RDS-A): $51.23 per share
Occidental Petroleum (OXY): $79.49 per share
Marathon (MRO): $31.19 per share
Natural Gas (UNG): $8.19 per share
Your investment in other energy companies besides BP improves the future of our energy infrastructure and the environment in which we must live.
If you are interested in detailed entry and exit plans for low risk-high reward stocks which meet our proprietary standards, click here for a free trial to our Wall St. Cheat Sheet Premium newsletter written by the Hoffman Brothers.