BP Puts Deepwater Horizon In Rearview, Chugs To $54
BP recorded a marked improvement in its earnings results for the first quarter of 2011, both sequentially and on a year-over-year basis. It would likely have produced better results if it weren?t for the continuing negative influence of the Gulf of Mexico oil spill on its operations. We maintain a price estimate of $53.67 for BP stock, a premium of about 15% to market price.
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