ConocoPhillips and BP - Stable in the Short Term

The Bedford Report released research on BP PLC (NYSE:BP,LSE: BP) and ConocoPhillips (NYSE:COP).

As quoted in the press release:

BP PLC reported that third-quarter profits more than doubled thanks to higher oil prices, with the chief executive saying the results marked a turnaround from the disastrous Gulf of Mexico oil spill. Last month the company won its first US permit to drill a new oil well in the Gulf of Mexico’s deep waters, clearing the way for the company to resume exploration after the record offshore spill last year.

Click here for the Bedford Report press release.