Buy BP Shares now

About six weeks ago Some Russian bankers I met wanted to know if they should buy BP shares. I urged caution as there was no waying of knowing how bad the situation was going to get for the company.

Today my advice is buy, buy, buy. The shares at 39% discount from their pre-Deepwater Horizon disaster high, are a bargain. The well appears to be capped, the relief wells are on time and on target and the company in a few short weeks will announce the sale of assets raising up to $20bn.