Today, Fool.com energy analysts Joel South and Taylor Muckerman look at what BP (NYSE: BP ) could do with their growing cash pile.
After divesting a huge number of assets to pay for the damage from its Gulf of Mexico spill, the company has more options now than a few years ago.
BP is looking to reinvest a large part of the money, but Joel thinks the company is somewhat stuck. While many investors are hoping it'll raise its dividend, Joel thinks that's unlikely. If anything, a share repurchase is more likely, and it's certainly something investors need to watch today.
There are many different ways to play the energy sector, and our analysts have uncovered an under-the-radar company that's dominating its industry. This company is a leading provider of equipment and components used in drilling and production operations, and poised to profit in a big way from it. To get the name and detailed analysis of this company that will prosper for years to come, check out our special free report: "The Only Energy Stock You'll Ever Need." Don't miss out on this limited-time offer and your opportunity to discover this company before the market does. Click here to access your report -- it's totally free.