BP Stock Analysis: An End To The Oil Spill On BP’s Books

BP Stock Analysis: Summary

  • July brought the announcement that BP finally reached a deal to settle the remaining damage claims from their 2010 Deepwater Horizon oil spill.bp stock analysis
  • Despite the recent toll the U.S.’s nuclear deal with Iran has taken on the oil and gas industry, analysts expect the BP stock to rally in the coming weeks.
  • BP has enough cash to pay dividends this quarter, even if it was not generated entirely in this quarter.
  • The majority of analysts agree that a healthy future is imminent for BP.
  • I Know First’s algorithmic Forecast is bullish on BP.

Settlement for Oil Spill Reached

After shrinking BP’s (NYSE:BP) market cap by 34%, the end of their legal nightmare appears close. The announcement of an $18.7 billion settlement, to be paid out over the next 18 years, will settle all current claims resulting from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico.

With expenditures cut across the board and revenues expected to jump over 400% in Q4 of 2015, the I Know First algorithm is bullish on this stock in the long term, with a bullish algorithmic forecast to support the fundamental analysis of BP stock.

 Read The Full Seeking Alpha Article