BP is Eating Worms

Posted by Bill Belew on April 1st, 2006 in Russia | No Comments

I hate giant oil companies. I hate paying twice per gallon at the pump when I do NOT have to.

BP is crying poor mouth. Despite having merged with AMOCO, CASTROL AND taking over the Russian business TNK it is reported that their executives are frustrated that BP is undervalued at just over 11 times its earnings – which was OVER $31 Billion in 2005 and is expected to approach $38 Billion in 2006.

Is anybody listening? Something is wrong with this picture!

The oil companies are making a killing and we are paying for it.  

And in the meantime, they cry because they are undervalued. It reminds me of a $15 million dollar/year athlete saying he is underappreciated.

Nobody likes me, everybody hates me, I think I’ll go eat worms. Yo! BP, would you like them steamed, nuked, fried in olive oil or deep fried in all the transfat McDonalds can contribute? 

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