Gulf Bacteria Quickly Digested Spilled Methane 136
masterwit writes "From an AAAS news release: 'Bacteria made quick work of the methane released by the Deepwater Horizon blowout, digesting most of the gas within the four months after its release, according to a new study published online at ScienceExpress.' This study, however, did not deal with other chemicals (oil) from the disaster's fallout. A glimpse of good news from the disaster's aftermath."
Reader iamrmani points out a related article suggesting that things may be looking up for BP after the Presidential Commission said blame for the disaster should be shared with service contractors and government regulators.
Re:Is BP a good investment? (Score:4, Informative)
The 33% return you note is only capital gains (which is certainly a nice return). But I think the real sweetness is that prior to the spill BP paid an $0.84 quarterly dividend (BP was forced to stop paying it). If they reinstate the dividend at the same $0.84, BP's yield will be ($0.84*4)/$46.03 = 7.3%.
I think BP will reinstate its $0.84 dividend sometime in 2011. So if you buy now you can earn 7.3% per year (excluding capital gains) for the rest of your life. Not too bad in a world where the 30-year bond yields 4.5%.
Also keep in mind dividends are now taxed lower than interest. So on an after-tax basis (say at the 28% bracket) the difference is:
BP dividend: 7.3%*(1-0.15) = 6.21%
Treasury yield: 4.5%*(1-.28) = 3.24%
a little less than double the return.
Of course, if BP repeats itself......
Re:Shared? (Score:5, Informative)
The British government? This is a majority American-owned company. It was founded, and is still currently headquartered in Britain, but has been a mostly American company since it merged with Amoco (and really, was majority US owned by investors before that). The British government is far less affected by the success or failure of this company than the American government - so no, it's unlikely Obama or his successor will let it go under any time soon. As the fourth largest company in the world, it has revenues that make companies like General Motors look like they're trading in junk bonds.
Also, what's called "Beyond"? BP isn't. It's called BP. "Beyond Petroleum" is a marketing slogan - a tagline, if you will, indicating they're investing in more than just gasoline. Up until the Deepwater Horizon debacle, BP was considered one of the greenest petroleum companies, and had been making the most scientific advances in cleaner fuels and alternative fuels. It's received many acknowledgements and awards for this; Although of course all that work has now been nullified by the Deepwater incident, and pundits will undoubtedly view any future advances BP makes in ecological technologies as "trying to make up for Deepwater", despite their history in working to that goal.