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

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Comments

  • sabretoothtigger
    sabretoothtigger Posts: 10,036 Forumite
    Part of the Furniture 10,000 Posts Photogenic Combo Breaker
    83129009.gif



    BP NYSE has fallen since open, apparently the hedge funds had the idea to buy the ADR before open and sell the London shares which were overvalued comparatively
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    tradetime wrote: »
    It is a pretty good article that tells us nothing we didn't already know. Yanks don't really do history very well, as they just re-write it to suit. In US history books Union Carbide is probably some European company. Since they re-write history they don't like, there's nothing to learn.

    .

    Not to mention Piper Alpha 167 lives wiped :eek:
    '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
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    edited 10 June 2010 at 7:24PM
    '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
  • sabretoothtigger
    sabretoothtigger Posts: 10,036 Forumite
    Part of the Furniture 10,000 Posts Photogenic Combo Breaker
    Seems theres a parallel there, gas leakage caused the piper alpha failure also
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    fullstop wrote: »

    Interesting stats.
    BP at December 2009, 40 per cent of BP’s shares were owned in Britain, but 39 per cent were owned in the US.
    It has six British directors and six American, and employs 22,000 Americans against 10,000 Britons.
    '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
  • amcluesent
    amcluesent Posts: 9,425 Forumite
    edited 10 June 2010 at 8:06PM
    Boris and Tebbit stepped up today to tell it like it is with Obama's failure of leadership and . Proper Tories.

    'Call be Dave' Dave made squeaking noises. Pathetic. Heir to Blair? Heir to 'bottler' Brown, I'd say!

    Time to extend the blacklisting of USA products I think (obviously no-one should be buying Kraft's stuff anyway after their lies and asset stripping of Cadbury)

    Of course, Obamalamadingdong knows what he's doing...

    "Have you plugged the damn hole yet? Hello? Hello..."

    Stupid-Obama.jpg
  • sabretoothtigger
    sabretoothtigger Posts: 10,036 Forumite
    Part of the Furniture 10,000 Posts Photogenic Combo Breaker
    Apparently BP traded down to 330p before open

    f6g72m.jpg
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Has Shell caught something nasty off BP?


    Chevron +3.83% Exxon +2.63%

    Shell -1.12%
    '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
  • Old_Slaphead
    Old_Slaphead Posts: 2,749 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    StevieJ wrote: »
    Interesting stats.

    To add others

    9x number of gasoline stations than UK petrol stations

    5 refineries in USA, 0 in UK

    Pays £4.5bn US company taxes, £1.5bn in UK

    US pension funds have same level of exposure as UK pension cos
  • Old_Slaphead
    Old_Slaphead Posts: 2,749 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    StevieJ wrote: »
    Not to mention Piper Alpha 167 lives wiped :eek:

    What about all the innocents they've slaughtered in Middle East - and our boys who've been hit with friendly fire.

    No doubt Mr Ding Dong's treasury will be stepping up to the plate with full compensation and pensions. He wouldn't want them toto 'nickel & dime' it, would he?

    If Americans are so bl**dy clever, why don't they just stop the oil and bill BP for their services?
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