NEW YORK (Stockpickr) -- From an environmental perspective, there's no question that the Deepwater Horizon oil spill being battled in the Gulf of Mexico is a serious disaster. And from a financial perspective, the spill has already taken a serious toll on a handful of companies that were involved with the rig, as well as on industries such as fishing and chemical manufacturing that operate in the Gulf. But some stocks actually stand to benefit from the oil spill that's at the forefront of the national news.Here's a look at how you should position your portfolio to profit from the recovery. Scores of blue chip stocks were caught up in the oil fiasco. From BP ( BP), which leased the rig that was doing the drilling, to Transocean ( RIG), the rig's owner, to Halliburton ( HAL), which was responsible for the complicated cementing process on the ocean floor, nearly all of the stocks involved in the operation have seen their share prices tumble for fears of substantial legal liabilities. With President Obama's announcement that those who caused the disaster would be on the hook for cleanup costs -- estimated by some to be in the tens of billions of dollars -- it's no surprise that the stocks are facing selling pressure.
|Who Owns Transocean?|
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