4 Energy Stock Stories To Fuel Investment Chatter On Thursday
BP (NYSE:BP): Closing price $42.10
BP is now pressing a federal judge to turn down a $111-million budget request by the court-supervised administrator of its multibillion-dollar resolution with Gulf Coast businesses and residents, subsequent to its 2010 Gulf oil spill. In a Wednesday court filing, BP attorneys said that claims administrator Patrick Juneau would not cut his office’s fourth-quarter budget request by a minimum of $25.5 million after BP complained that it was excessive. In August, United States District Judge Carl Barbier ordered the oil major to pay in excess of $130 million for Juneau’s third-quarter budget despite the firm’s objections.