MARKET TALK: BP Dividend At Risk -Oppenheimer

10th Jun 2010 18:17

1:17 (Dow Jones) Oppenheimer is still bullish on BP shares, but joins those expressing doubt the company can continue paying its dividend. "While we think BP can financially sustain the dividend, we are not sure if it can do so politically," firm writes. Still contends BP offers a "unique investment opportunity, especially for long-term investors," and calls chances BP will declare bankruptcy "both unnecessary and unlikely." BP up 9.4% to $31.94. ([email protected]) Call us at (212) 416-2181 or email [email protected] Visit the Market Talk blog at www.djnmarkettalk.com. (END) Dow Jones Newswires June 10, 2010 13:17 ET (17:17 GMT)