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BP - $66.43 - BP Plc. ** No Stop **

BP has bounced twice off its 200-day average over the last month. Their aggressive advertising on TV and in print has added to awareness of the brand in the U.S. BP is a very strong U.S. producer although many people have never heard of them. Prudential started them at overweight and they are rending up off their lows. Options are cheap relative to some of the highly volatile favorites.

Company Info:

BP p.l.c. is an oil company trying to remake itself into an energy company. The operating business segments were Exploration and Production; Refining and Marketing; Petrochemicals, and Gas, Power and Renewables. Exploration and Production's activities include oil and natural gas exploration and field development and production, together with pipeline transportation and natural gas processing. The activities of Refining and Marketing include oil supply and trading, as well as refining and marketing. The Petrochemicals segment ceased to operate separately as of January 1, 2005. Gas, Power and Renewables activities include marketing and trading of natural gas, natural gas liquids , new market development and liquefied natural gas (LNG), and solar and renewables. The Company formed the TNK-BP joint venture between the Company and the Alfa Group and Access-Renova (ARR). In addition, it plans to incorporate AAR's 50% interest in OAO Slavneft, a Russian oil company, into TNK-BP.

Buy 2007 $70 LEAP Call VAO-AN currently $5.20

Put Insurance: April $60 Put BP-PL currently $1.30
Buy the insurance only if BP trades at $64.

Entry $66.43 (11/20)

 

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