Matt Simmons, a bit of an oil expert, believes BP will be heading for Chapter 11 within the month given that the oil spill is much larger than most think.
However, Matt Simmon's investment banking company, Simmons & Co, has changed its rating on BP to outperform from neutral. Hmmmm.....
Matt Simmons, Dr. Doom of the Gulf Coast spill - Jun. 9, 2010
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