By Adam Sharp
Tuesday, May 4th, 2010
British Petroleum (NYSE:BP) shares are off nearly 20% since their Deepwater Horizon drilling rig exploded April 21st. That's around $30b in market cap wiped out in 2 weeks.
From a cold-blooded investing perspective, this looks like a buying opportunity to me. I've seen clean-up cost estimates from $170m to $3.5b. It could go even higher as the class-actions roll in.
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