I would be willing to take the risk on BP around $20-21 a share. Not a huge risk, but something.
Which is what a lot of investors are thinking. I suspect BP's share price will fall to a certain point at which value investors will clamor all in causing a significent rise in price which will then be followed by growth and the rest of the lot. Honestly, I don't see BP have problems here aside from serious problems getting liscences from the US government in the future. I bet they are going to start lobbying harder for Republicans come 2012.
"If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu