PLAYS OF THE WEEK UPDATE: BP (BP.)

BP.

Published date:
Thursday, February 7, 2008

BP (BP.) 560.5p

Tipped at 574.5p (19 April ‘07), the shares have since eased back on softening oil prices, while Q4 results this week came in towards the bottom of market expectations. However, a 25% increase in the dividend was a mark of the change in strategy being set in motion by new CEO Tony Hayward and the stock should now begin to reverse its underperformance relative to Royal Dutch Shell (RDSB).

by: Tom Sieber

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