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March 11, 2010
Drill Baby, Drill
BP Still Undervalued, Predicted to Outperform by ValuEngine BP p.l.c. (BP) provides fuel for transportation, energy for heat and light, retail services, and petrochemicals products. ValuEngine has issued a BUY recommendation for BP PLC. Based on the information we have gathered and our resulting research, we feel that BP PLC has the probability to OUTPERFORM average market performance for the next year. The company exhibits ATTRACTIVE company size, volatility and P/E ratio. This stock is a perennial favorite of our models--as are many large Energy Sector firms. Its long-term forecast figures look particularly promising. BP is in the news due to its just announced $7 billion deal with Devon Energy. The deal is predicted to provide a boost to its daily oil production and strengthen its presence in Brazil, Azerbaijan, and the Gulf of Mexico. Devon, for its part, gets better access to Canadian oil sands from BP. Early analysis of the effects of this deal indicate that BP may not begin to reap major benefits until 2015. This makes the short-term effects on the firm's bottom line and share price more difficult to ascertain. Subscribers can check out the latest figures on BP HERE. Not a ValuEngine Premium Website member? Then please consider signing up for our no obligation, two-week free trial today. To Sign Up for a FREE TRIAL, Please Click the Logo Below

MARKET OVERVIEW
Summary of VE Stock Universe
Stocks Undervalued Stocks Overvalued Stocks Undervalued by 20% Stocks Overvalued by 20% 46.81% 53.19% 22.98% 25.60%

SECTOR OVERVIEW
Sector
Basic Industries Capital Goods Consumer Durables Consumer Non-Durables Consumer Services Energy Finance Health Care Public Utilities Technology Transportation

Change
0.43% 0.73% 0.54% 0.30% 0.68% 0.86% 0.53% 0.87% 0.39% 0.57% 0.96%

MTD
4.67% 5.46% 5.06% 3.38% 5.41% 3.37% 3.68% 3.99% 3.15% 3.75% 4.16%

YTD
3.86% 7.89% 8.20% 5.18% 8.07% 0.94% 6.75% 5.69% -0.55% 6.03% 6.31%

Valuation
12.94% overvalued 10.46% overvalued 15.58% overvalued 3.71% overvalued 4.27% overvalued 11.30% overvalued 2.28% overvalued 2.89% undervalued 2.74% overvalued 0.80% undervalued 5.39% overvalued

Last 12MReturn
121.22% 101.97% 110.79% 105.71% 107.24% 111.88% 70.72% 86.97% 63.63% 103.01% 104.42%

P/E Ratio
26.85 23.02 24.34 19 22.7 21.51 19 21.38 16.46 28.5 20.18

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