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.

Joel South, Taylor Muckerman, and The Motley Fool have no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.