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

chris_m

I've been reporting them - and all their aliases - for several days, but they keep popping up again under different names.
I'm somewhat surprised that the admins haven't blocked them properly by now - there must be a limit to the number of IP addresses to which they have access.

sabretoothtigger

Someone must have followed the link at some point, I blame them

Its basically related to this - http://blog.moneysavingexpert.com/2010/06/21/mse-breaks-into-worlds-top-1000-sites/


What they should do is only allow one post for every day they've been a member, that way people can still sign up and ask questions

1echidna

BP 'seeking to ward off predators'
(UKPA) – 21 minutes ago
Oil group BP is looking to sell up to £6 billion of shares to strategic investors as part of a defence strategy to ward off hostile takeover bids, according to a report.
The battered blue chip is believed to be sounding out sovereign wealth funds to take a stake of between 5% and 10%.
The Sunday Times report comes as pressure on the group shows no sign of letting up following the Gulf of Mexico oil disaster.
Speculation over an imminent management shake-up continues to swirl, as it is thought both chief executive Tony Hayward and chairman Carl-Henric Svanberg are preparing to head for the exit as soon as the leak is secured.
BP has now lost more than 50% of its stock market value since the Deepwater Horizon oil rig exploded and sank on April 20, killing 11 workers and causing the worst US oil spill in history.
Its share price plunge has put the group at potential risk of an unwanted takeover approach from rivals such as Exxon Mobil or Royal Dutch Shell.
To secure its independence, BP is said to be hoping to strike a deal similar to that seen with Barclays at the height of the financial crisis.
Barclays avoided a government bail-out by raising more than £7 billion from wealthy foreign investors, including the state investment funds of Qatar and Abu Dhabi.
BP is said to be stepping up its takeover defence strategy as it comes closer to plugging the oil leak - after which it is thought to be most at risk of an approach.
The group is due to boost its containment cap system by putting a so-called flexible riser in place this week, which it hops will increase the amount of oil collected. It is also working on two relief wells to stop the leak, which should be completed next month.
The Press Association.

Option A, (If a cap can be placed on the level of damages incurred by BP.)

JamesU

1echidna wrote: »

Option A, (If a cap can be placed on the level of damages incurred by BP.)

What about our own Governemnt taking a significant stake? That would throw a spanner in the works....

JamesU

1echidna

JamesU wrote: »

What about our own Governemnt taking a significant stake? That would throw a spanner in the works....

JamesU

Just imagine the headlines: Gov't borrowing money, depriving those relying on benefits and throwing money at dirty greedy oil industry interests.

JamesU

1echidna wrote: »

Just imagine the headlines: Gov't borrowing money, depriving those relying on benefits and throwing money at dirty greedy oil industry interests.

If the deal involved oil, maybe it would be good for the UK all round. Better than taking a stake in banks where there seems to be little return, at present at least. Historically I think this would take us back to the origins of BP in some ways, albeit with less influence and control. And if we took enough of a stake, perhaps we could call it British Petroleum? Good for BP too, if there is to be a witchhunt that we are not happy about, stand ground by taking a stake in BP and see how the US feel about it. Would this be detrimental to the UK economically? No idea, but what revenues from the US would we risk loosing? Ignore the political fallout with the US of course, what do we really have to loose?

worldtraveller

OK, like some others, I'll show my (poker faced) cards here! At a 275 level I will invest in some BP shares as a long term punt. That's it! If it doesn't drop to that level, then no worries.

1echidna

JamesU wrote: »

If the deal involved oil, maybe it would be good for the UK all round. Better than taking a stake in banks where there seems to be little return, at present at least. Historically I think this would take us back to the origins of BP in some ways, albeit with less influence and control. And if we took enough of a stake, perhaps we could call it British Petroleum? Good for BP too, if there is to be a witchhunt that we are not happy about, stand ground by taking a stake in BP and see how the US feel about it. Would this be detrimental to the UK economically? No idea, but what revenues from the US would we risk loosing? Ignore the political fallout with the US of course, what do we really have to loose?

The country's reputation for honouring its liabilities were these to be ongoing as a result of the spill?

JamesU

1echidna wrote: »

The country's reputation for honouring its liabilities were these to be ongoing as a result of the spill?

Not in question, of course these liabilities need to be met, when genuine. But I would prefer UK plc and solicitors to benefit a little from this captive long term litigation market, not just the US.

JamesU

JamesU

worldtraveller wrote: »

OK, like some others, I'll show my (poker faced) cards here! At a 275 level I will invest in some BP shares as a long term punt. That's it! If it doesn't drop to that level, then no worries.

Thanks for this insider info. I have just set a BP trigger at 275 with a buy at 295. If your entry shakes the markets, I shall be in with you on the uptrend. Thanks again!

Update: this is definitely not a genuine investment strategy, it is a sunny Sunday and just a bit of amusement.

JamesU