BP: a great stock for value investors

Nearly two years after the Deepwater Horizon disaster, BP is starting to recover. It’s generating plenty of cash and is steadily growing its dividend. What's more, it's cheap, says Phil Oakley.

Life seems to be getting a little easier for BP.

The Deepwater Horizon liability trial on 27 February will get lots of press attention, and BP will have to pay out more cash in compensation - but it will not go bust. In fact, it is starting to recover.

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Phil spent 13 years as an investment analyst for both stockbroking and fund management companies.

 

After graduating with a MSc in International Banking, Economics & Finance from Liverpool Business School in 1996, Phil went to work for BWD Rensburg, a Liverpool based investment manager. In 2001, he joined ABN AMRO as a transport analyst. After a brief spell as a food retail analyst, he spent five years with ABN's very successful UK Smaller Companies team where he covered engineering, transport and support services stocks.

 

In 2007, Phil joined Halbis Capital Management as a European equities analyst. He began writing for MoneyWeek in 2010.