By Marc Lichtenfeld Oil stocks are about as popular as gangsta rap at a nursing home.
Wannabe tough guy rappers brag about money that they don’t really have. Meanwhile, investors in oil stocks are (to quote Rakim, one of the greatest rappers of all time) “paid in full.”
Climate change and the negative impact of burning fossil fuel have oil companies out of favor. College students protest their existence, and some investment managers shy away from them for social reasons.
Yet despite low oil prices, these companies continue to generate tons of cash flow.
I last covered BP (NYSE: BP) in Safety Net back in February. At …read more
