Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I must be super grumpy today because I was actually unhappy that BP (BP.) did not cut its dividend today. I do not have a position so its dividend largesse or not is directly kind of irrelevant to me, but indirectly its continued effort to pour income down the mouth of its loyal shareholder base will have been welcomed by every single pension fund of size out there – and no doubt a decent slug of ShareProphets readers. My problem though is that it just tells me that it is an oil integrated supertanker still in search of a strategy...
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