Everyone's Making Money Off BP (Including Us!)


As of today, we’ve made nearly ten buckson the one share of BP we bought as a gift for the lucky person who will have guessed its value on this coming Christmas Eve. We bought at $29.67 on June 23-and it’s trading at $38.18 this morning. We’re not the only ones making out like bandits: “anti-big-government” Wisconsin Senate candidate Ron Johnson plans to sell his BP holdings to finance his campaign! Nifty. BP reported major losses in the second quarter of 2010, unsurprisingly; in the 2009 second quarter, they reported a profit of $4.4 billion. Yes, that’s right! $4.4 billion in three months.