Tumultuous times have offered some of the best opportunities to buy stocks, and the market's recent mess surely qualifies. Although oil and gas giant BP
In our Motley Fool CAPS community, about 91% of the 4,973 investors rating the company are bullish, so there's no shortage of reasons why BP will thrive, three of which I've highlighted below.
But here at the Motley Fool, we're all for looking at both the good and bad sides of an investment. Once you're done with this article, you can read the case against the stock, weigh in with your own comments below, or rate BP yourself in CAPS.
1. Recovery track
BP has finally capped the Macondo well, which is partially owned by Anadarko Petroleum
2. Strong underlying performance
Although oil spill related charges slammed BP's second-quarter bottom line, some CAPS members are taking notice of the rest of BP's quarterly performance. It generated a 31% increase in operating cash flow excluding spill-related costs, and similar to big quarterly revenue gains at other major oil companies such as Total
3. Staying power
Many investors are eyeing BP's beaten down shares and think the company will maintain a strong position in the global oil industry. It has operations worldwide and continues to pursue new ventures -- like potentially teaming up with Chevron
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Fool contributor Dave Mock is looking for three good reasons to retire the lawnmower. He owns no shares of companies mentioned here. Chevron and Total are Income Investor recommendations. The Fool's disclosure policy can be printed on any color paper you like.