4 Energy Stock Stories to Fuel Weekend Investment Chatter
BP (NYSE:BP): Current price $41.00
BP’s oil-trading division is under intensified scrutiny after its becoming a weak link for the oil giant, which says that the unit, at one time bringing in one-tenth of company profits, was responsible for its inability to fully keep its pledge to improve performance at its refining division. Sources in the industry, along with ex-insiders, say that the weak performance has ignited an internal debate regarding the unit. These developments at BP show generally poor performances across many trading units at oil majors and trading houses during the past three years, because of relatively low market volatility.
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