BP
Simmons And Company: Buy BP And Ignore Everything Matthew Simmons Has Been Saying Recently
By Bess LevinFrom the mailbag (of unfounded rumors):
“Matthew Simmons was on Bloomberg several days ago talking about nuking the BP wellhead to stop the leak, then was on the tape saying BP wouldn’t last through the summer. I’m now hearing that Simmons and Co. is putting a buy rec on BP. Also hearing also that Simmons and Co. sent out a letter to investors asking them to disavow anything Mr. Simmons has said recently.”
We’re told that the 150 employees BP just laid off will receive, at a minimum, six months severance.
