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Compiling comments that experts make about stocks while on public TV.

2017-05-16

Opinion for BP PLC (BP-N)

Signal Price Bias Subject Owned
TOP PICK $36.240 UNKNOWN Global Value & High Yield Bonds Yes

The Macondo Gulf of Mexico disaster is now past and they have taken all the charges. They’ve rebuilt the company. The balance sheet is in very strong shape. With the cost structure where it is, even at these commodity prices, this company is throwing off lots of cash flow. Dividend yield of 6.7% is sustainable at current commodity prices. This is the cheapest of all the major integrateds. (Analysts’ price target is $37.50.)

Lorne Steinberg
President & Portfolio Manager, Lorne Steinberg Wealth Management Inc http://www.steinbergwealth.com

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