4 Energy Stock Stories Fueling Friday Headlines
BP (NYSE:BP): Closing price $41.17
On Friday, BP reported that it is bringing some staff out of Egypt while unrest escalated subsequent to the ousting of former President Mohammed Morsi by the military. The decision by the key Egypt oil and gas producer indicates that the nation’s political crisis might be beginning to affect one of the country’s most lucrative industries. BP said through a statement that “as a precautionary measure, we will be withdrawing a number of non-essential expatriate staff, contractors and families on a temporary basis,” adding that all staff is safe and its local oil and gas output is not impacted.
Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.