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BP - off the hook ? ...and a BUY ?

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Comments

  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    May just turn out to be good buying opportunity.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • JamesU
    JamesU Posts: 1,060 Forumite
    Part of the Furniture Combo Breaker
    StevieJ wrote: »
    May just turn out to be good buying opportunity.

    For better or worse I am in at 424. But still more interested in RDSB...

    JamesU
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    JamesU wrote: »
    For better or worse I am in at 424. But still more interested in RDSB...

    JamesU

    Potential financial costs are probably more than built into that price, the only ? now is probably reputation.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • JamesU
    JamesU Posts: 1,060 Forumite
    Part of the Furniture Combo Breaker
    StevieJ wrote: »
    Potential financial costs are probably more than built into that price, the only ? now is probably reputation.

    Possibly, but who really knows what the financial costs will be at the moment. Anyway RDSB down to 1704, but now recovering, not quite in the right range yet ;)

    JamesU
  • mroller
    mroller Posts: 397 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    whoever buy BP shares is taking a huge risk.

    There is a non negligible chance that BP might not even survive this disaster.

    What's do you think will happen if the relief well doesn't work in august? the disaster will be even bigger the chernobyl
  • Jonbvn
    Jonbvn Posts: 5,562 Forumite
    Part of the Furniture 1,000 Posts
    mroller wrote: »
    What's do you think will happen if the relief well doesn't work in august? the disaster will be even bigger the chernobyl

    The relief well will work, since it is well known science/engineering. The things they are doing now are very unusual for a deep offshore well (according to the experts in my office), and are obviously much riskier.

    I just don't see the comparison with Chernobyl.
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
  • BathingApe
    BathingApe Posts: 193 Forumite
    mroller wrote: »

    There is a non negligible chance that BP might not even survive this disaster.

    What's do you think will happen if the relief well doesn't work in august? the disaster will be even bigger the chernobyl
    :rotfl::rotfl::rotfl::rotfl::rotfl:

    These shares will recover eventually, and nice dividends will be paid in the meantime for the trouble of waiting.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    BathingApe wrote: »
    :rotfl::rotfl::rotfl::rotfl::rotfl:

    These shares will recover eventually, and nice dividends will be paid in the meantime for the trouble of waiting.

    Could bottom out at £3.60 though (Fib retrace level), who knows, yer pay your money and yer takes yer chance.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • 97trophy
    97trophy Posts: 915 Forumite
    StevieJ wrote: »
    May just turn out to be good buying opportunity.

    Yeah, goodbye to your money!
  • 97trophy
    97trophy Posts: 915 Forumite
    Jonbvn wrote: »
    The relief well will work, since it is well known science/engineering.

    But never done at sea in these depths!
This discussion has been closed.
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