A Closer Look Would Steal BP's Thunder.

The author comments on the unexpected cut in third-quarter net debt and a one-billion-dollar gain in planned cost savings announced by oil major BP on October 27, 2009. Investors pushed the shares up by 5% as a result. The fact that BP is facing challenges to reach its long-term target of 1% to 2% annual production growth is noted by the author. He asserts that the most exciting prospects of BP have political and engineering risk, and investors can find better value with less risk elsewhere.