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

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Comments

  • worldtraveller
    worldtraveller Posts: 14,013 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    JamesU wrote: »
    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! :)

    JamesU

    It's, of course, not insider info, as I'm sure you appreciate! :) It's purely seat of the pants dealing, either for short, medium, or long term investments. ;)
    There 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...
  • 1echidna
    1echidna Posts: 23,086 Forumite
    JamesU wrote: »
    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

    I agree with you but feel something further has to be done about the heavy litigation and fines 'market'. For years the US with heavy fines, for example on drug and tobacco companies has sucked money into the US. I notice that the EU has imposed some large penalties on Microsoft for abusing a monopoly situation. Tit for tat I suppose but better if the rest of the world got together and 'forced' (by sanctions or whatever means) the US to moderate the behaviour of its courts by international agreement. A decision by the rest of the world to revisit the US's obligations re Bhopal might be a lever. Ultimately vilifying and heavily penalising foreign companies as the US has done with Toyota to some extent and very heavily to BP is as destructive and unproductive as the trade wars of the thirties.
  • JamesU
    JamesU Posts: 1,060 Forumite
    Part of the Furniture Combo Breaker
    worldtraveller wrote: »
    It's, of course, not insider info, as I'm sure you appreciate! :) It's purely seat of the pants dealing, either for short, medium, or long term investments. ;)

    Understood, no need to contact the Exchange Commission then, timely response dear chap. :) A one size fits all investment? M+S must have a new range of underwear. ;)

    JamesU
  • JamesU
    JamesU Posts: 1,060 Forumite
    Part of the Furniture Combo Breaker
    1echidna wrote: »
    I agree with you but feel something further has to be done about the heavy litigation and fines 'market'. For years the US with heavy fines, for example on drug and tobacco companies has sucked money into the US. I notice that the EU has imposed some large penalties on Microsoft for abusing a monopoly situation. Tit for tat I suppose but better if the rest of the world got together and 'forced' (by sanctions or whatever means) the US to moderate the behaviour of its courts by international agreement. A decision by the rest of the world to revisit the US's obligations re Bhopal might be a lever. Ultimately vilifying and heavily penalising foreign companies as the US has done with Toyota to some extent and very heavily to BP is as destructive and unproductive as the trade wars of the thirties.

    In full agreement with everything you have said here. It is this lack of a level playing field which has infuriated so many.

    JamesU
  • worldtraveller
    worldtraveller Posts: 14,013 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    JamesU wrote: »
    Understood, no need to contact the Exchange Commission then, timely response dear chap. :) A one size fits all investment? M+S must have a new range of underwear. ;)

    JamesU

    Their sock range is pretty good as well, but you may also need their bicycle clips to handle this particular stock! :p:)
    There 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...
  • JamesU
    JamesU Posts: 1,060 Forumite
    Part of the Furniture Combo Breaker
    edited 4 July 2010 at 4:49PM
    worldtraveller wrote: »
    Their sock range is pretty good as well, but you may also need their bicycle clips to handle this particular stock! :p:)

    Alternatively RDSB, not a recommendation of course, just looking at practicalities here. No need for a trip to find a one size fits all range at M+S, and less risk of needing to wear bicycle clips in the medium term. ;)

    JamesU
  • fairtrade
    fairtrade Posts: 476 Forumite
    Euro shares inched higher on Friday. The miners (risk-gamble?) are down, petrochemicals (solid-dividend payers?) up. Yet BP is left in its own world. I haven't got a scrying device, I won't offer advice. I instructed to buy 5,000GBP on Saturday.
    For myself I am an optimist - there does not seem to be much use being anything else.
    Sir Winston Churchill
  • worldtraveller
    worldtraveller Posts: 14,013 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    BP says that it has now spent more than $3 billion in attempts to stop an oil leak in the Gulf of Mexico and to settle damage claims.

    The oil company said Monday that is has spent $3.12 billion so far in responding to the spill, attempting to contain oil, paying claims and reimbursing the U.S. and local governments.

    Forbes
    There 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...
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    worldtraveller wrote: »
    BP says that it has now spent more than $3 billion in attempts to stop an oil leak in the Gulf of Mexico and to settle damage claims.

    The oil company said Monday that is has spent $3.12 billion so far in responding to the spill, attempting to contain oil, paying claims and reimbursing the U.S. and local governments.

    Forbes


    Not sure what the relevance of the current spending total is unless it is measured against expected current spend, what is more relevant is the anticipated final figure.
    '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
  • 1echidna
    1echidna Posts: 23,086 Forumite
    This is a link posted on another part of the site: http://www.youtube.com/watch?v=jkYJDI8pK9Y You have to admire the performance, if nothing else.
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