BP tumble on oil spill overdone, analysts say
April 30, 2010 at 07:41 AM EDT
The $20 billion drop in BP’s market capitalization since an oil spill in the Gulf of Mexico last week is disproportionate, several analysts argued Friday, as it currently puts the cost of the incident to the U.K. oil firm at several times that of the Valdez to Exxon Mobil.
