Matt Simmons Retires As Chairman Emeritus Of Simmons & Co.

Let's see: Simmons sees BP at $0 and expects nukes to be deployed to clean it up its mess; Simmons & Co. on the other hand upgrades BP to a Buy on Friday with a $52 PT. Should pretty much explain it.

From Bberg:

Matt Simmons will retire effective June 30th to devote full focus to The Ocean Energy Institute, a think-tank and venture capital fund addressing challenges of U.S. offshore renewable energy.