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Should I Buy BP?

Harvey Jones
June 25, 2013

LONDON -- I'm shopping for shares right now, should I pop BP (LSE: BP) (NYSE: BP) into my basket?

Deep trouble
When I looked at buying BP six months ago, I concluded that it offered investors a tank load of uncertainty. The Deepwater oil spill was still lining lawyers' pockets with black gold, gas and oil prices were down, production was falling, and its shale gas assets looked overvalued. Given all its problems, I naturally concluded that investors should roll out the barrel for BP, and buy it. Was I righ