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BP - off the hook ? ...and a BUY ?
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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.
To be fair she lives right on top of it with her livelihood on the verge of extinction :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 Thatcher0 -
Try living with it yourself. You might act pretty good too!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.
Schroder Income Fund have raised their holding from 2% to 4%.0 -
Cheap put down to a fairly mild expression of discomfort from myself. From comment below you seem to be contemplating investing. If you feel that way about the situation can you explain how you could invest and live with yourself?Try living with it yourself. You might act pretty good too!Schroder Income Fund have raised their holding from 2% to 4%.0 -
Schroder Income Fund have raised their holding from 2% to 4%.
...and now the Libyans want to get some discounted shares:-
http://news.bbc.co.uk/1/hi/business/10518442.stmFor myself I am an optimist - there does not seem to be much use being anything else.
Sir Winston Churchill0 -
BP now up 20% from it's low.0
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The federal official leading the Gulf oil spill cleanup said Friday a new containment cap and an additional ship collecting oil could effectively contain the spill in the next three days.
The work to replace a leaky containment cap on the well head with a tighter one will begin Saturday, National Incident Commander Thad Allen said Friday. At the same time, a ship connecting to a different part of the leak is expected to come online Sunday.
Oil will flow unimpeded into the Gulf during the cap switch for at least part of the weekend.
If all goes according to plan, the combination of the cap and the new vessel could collect all the leaking oil by Monday. Work continues on what officials hope will be the ultimate solution: a pair of relief wells intercepting the leaking well far below the seafloor.
The new containment cap is expected to form a better seal over the well head, to allow more of the oil to be collected and sent up to ships on the surface for collection or burning.
"Technically it's pretty achievable," Allen said. He said if the new cap can't be placed on the well, the old cap will be put back and there are multiple backup caps available in case any one cap fails.
The new, tighter cap should be in place early Monday. Allen said the ship Helix Producer, which is to be hooked to a different part of the leaking well — lower than the new cap — will start collecting oil Sunday and be fully operational Tuesday. He has previously said that the full system should be able to collect 60,000 to 80,000 barrels a day.
The schedule for both efforts has been accelerated to take advantage of what could be a rare window of good weather. The hookup of the Helix Producer was delayed this week by poor weather.
The containment effort is not the permanent solution to stop the environmental catastrophe that began April 20 when the Deepwater Horizon oil rig exploded, killing 11 workers.
Still, the best hope to stop the spewing oil from the blown-out well a mile under the sea is the drilling of relief wells deep below the seafloor. Though officials said the first could be finished by the end of July, weeks ahead of schedule, they are quick to point out that such an optimistic timetable would require ideal conditions every step of the way.
That is something that has rarely happened since the leak began.
Time
A lot more "could" and not a lot of "would"?
However, that is understandable under the circumstances.
Personally, I'm not ready to believe that these are any real improvements in the situation, as yet. The relief wells are a crap shoot as well, likely to be hampered by bad weather at this time of the year!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...0 -
The first relief well is nearly done, a couple more weeks and they will be looking to close off the well.0
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The first relief well is nearly done, a couple more weeks and they will be looking to close off the well.
Hmmm.. OK! :whistle:
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...0 -
I am very tempted to buy some BP shares. Anyone an idea what is the best way to do that. I assume going to my bank and instruct
them to do this for me comes with high administrative costs. Another thing that is worrying me a bit is the fact that BP shares are most
likely traded in US Dollars, hence there seems to be the risk of currency fluctuations included. Is there a way to hedge against this?
Thanks! P.0 -
http://www.google.co.uk/finance?noIL=1&q=bp
BP Shares Trade in Roubles, Yen, Euros, Zimbabwean Dollars & US Dollars or you can buy some for a fiver if you like
Try iii for a broker
I noticed their pref shares only yield 6.5%
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