$BP $43.52 5% yield – looks relatively undervalued and has my favorite value investors on board

Jake Huneycutt – see the comments here

Bret Jensen – he likes it

Seth Klarman – yep

BP – it’s probably worth more..  $55-$65 if you ask me. ~5% yield while you wait.

any thoughts out there in the internet-o-sphere?

probably the best article i found so far here:

http://seekingalpha.com/article/1305601-bp-the-resolution-of-legal-issues-will-be-the-catalyst-to-propel-the-stock-higher

i still like the AIG, HIG, BAC tarp warrants.. only have done my DD on the AIG ones, but have heard that the HIG ones are the best of the three but frankly i’m not really in the market for that sort of stuff right now… because the sort of marginal capital that i have to put to use is under the false impression that dividends are more important than capital appreciation.

anyway, limiting constraints exist — might as well have solutions when they do

http://www.bp.com/assets/bp_internet/globalbp/STAGING/global_assets/downloads/B/bp_first_quarter_2013_presentation_slides_and_script.pdf

$30B of operating cash flow in 2014. net debt way lower than in 2008-2011.

up to $8B in buybacks.