The Wall Street Journal today presented an interesting framework to think about investing in oil. The article takes a rather conservative perspective and suggests that investors should look at oil not for growth but for dividends. So they consider the super majors a better bet than the independents. While several points in the article are […]
BP’s Tiber underscores difficulty of finding oil
Last week, BP announced a major oil discovery — Tiber — in the Gulf of Mexico. This discovery strengthens BP’s leadership in the Gulf of Mexico where it already produces more than 400,000 barrels per day and operates two of the largest fields, Atlantis and Thunderhorse. BP has exceeded its reserve replacement ratio by 100% […]
