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BP - off the hook ? ...and a BUY ?
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BP down over 15% now in U.S. trading at 3:12 PM ET.
EDIT: 16% at 3:16 PM ETThere is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
Transocean walked away from the mess with over a quarter billion dollars because they insured Deepwater Horizon for well above book value.
http://seekingalpha.com/article/207592-transocean-s-outrageous-270-million-windfall-from-oil-spill?source=kizurNew strategy to capture oil may have increased the quantity of oil leaking from the well by 4% - 5%, U.S. Interior Secretary Ken Salazar0 -
Allegedly the renewed price drop is due to a rumor coming out of London that a suspension of the dividend has been decided, and will be announced next week. But who knows.Hope for the best.....Plan for the worst!
"Never in the history of the world has there been a situation so bad that the government can't make it worse." Unknown0 -
worldtraveller wrote: »BP down over 15% now in U.S. trading at 3:12 PM ET.
EDIT: 16% at 3:16 PM ET
I my see my £3.60 tomorrow then.'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 Thatcher0 -
Allegedly the renewed price drop is due to a rumor coming out of London that a suspension of the dividend has been decided, and will be announced next week. But who knows.
They should just cut it in half, that would still be a decent yield based on the current share price.'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 Thatcher0 -
Brtish Govt. needs to step in and be seen to support BP. If it went, the loss of pension fund income, 10,000 of jobs and ££ Bilions in corporation tax is a major impact - as much as Northern Crock going.0
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amcluesent wrote: »Brtish Govt. needs to step in and be seen to support BP. If it went, the loss of pension fund income, 10,000 of jobs and ££ Bilions in corporation tax is a major impact - as much as Northern Crock going.
Just wondering, step in how?0 -
>Just wondering, step in how?<
Sail HMS Ark Royal into Chesapeake Bay!0 -
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http://www.marketwatch.com/story/bps-market-value-halves-as-spill-costs-loom-large-2010-06-09Oil-industry insider Matt Simmons, head of the Texas-based, energy-focused investment bank Simmons & Co., told Fortune magazine Wednesday that BP will run out of cash from lawsuits, cleanup costs and other expenses. "They have about a month before they declare Chapter 11" bankruptcy, Simmons said0
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