Bruce Jefferson
All posts from Bruce Jefferson
Bruce Jefferson in Commodities,

BP Could Be In The Early Innings Of A Multi-Year Inflection

Simon & Company, a division of Piper Jaffray, said in a note Friday that BP plc (ADR) BP is at an early stage of multi-year cash flow inflection, given a reasonable and transparent capital spending framework and the subsiding of the Macondo headwinds. Source

Stochastics are in the overbought territory so there is no more room for growth potential.

Downside movement is possible, shares will try to close the gap.