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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.
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