BP and its cohorts

BP has taken down two (or more) companies with it, RIG and DO.

From April 20, 2010, the day of the Deepwater Horizon oil spill:

RIG is Transocean LTD, market cap of $15.90B.  EPS is 9.01.  P/E is 5.51.

DO is Diamond Offshore Drilling, market cap of $8.48B. EPS 9.48.  P/E is 6.44.

BP is BP (ADR), market cap of $85.68B. EPS 6.36. P/E is 4.30.

Looking at the spreads, they are starting to outperform BP.

Ticker Price Nominal Shares
RIG 49.58 $5,000 100.9
DO 61.00 $5,000 82.0
BP 27.30 $5,000 183.2

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