Great interview this weekend on King World News with Matt Simmons discussing the BP oil spill. After capping the oil leak and "solving all the problems," Mr. Simmons gives his latest target price for BP:
$0 (Bankruptcy)
Hint: There is another gusher not shown on the news still leaking into the gulf.
The interview can be heard by following the link here.
For those that understand options (and believe Matt Simmons) shorting BP stock at 37 (today's price) down to 0 (Bankruptcy) can be a very profitable bet.
