the stock price action was not my point at all, when I said shareholders suffered. What is my point is that 20billion are stolen from shareholders, dividends are cut, oil fields need to be sold just because of outrageous claims that have not in the slightest been substantiated. Plus BP is still run by a completely idiotic management, seriously, do you know of a company who handled PR and decision making in a worse way than BP did? I think its apparently clear I dont defend BP, but I can't help myself but chuckle at all those idiots out there in the American public who all suddenly seem to be in the know and seem to be in need for BP's money. But maybe I should not be surprised, shit always attracted a bunch of flies.
You are truly dumber than dirt. http://www.telegraph.co.uk/finance/...87m-for-life-threatening-safety-failings.html Note the date.
Do you have any understanding of what owning a stock is? It means you are an owner in the company. If your company fucks up by destroying the environment, than those costs are coming out of your pocket. You buy stocks at your own god damn risk. You analyze not only the company, but the people running that company too. I have no pity for those that constantly feel like they're "scammed" when owning deficient companies. It's not that hard to determine that a company is run by a bunch of hacks. Secondly, what is it with you and every other sentence being about Americans this, Americans that. Ditch the inferiority complex. It's getting real old.
lol, you gotta be kidding me. Thats what you use to support your claim? Every investment bank under this sun has been sued and fined before. So, it means all of them are grossly negligent and nobody should do business with them right? Exxon has never been sued. Nor have any of the other big oil names... Can we get back to the point? The issue is that BP needs to first contain the spill, then clean up. Everything else is man-made by greedy lawyers and politically charged by the administration. That BP acted like a total puppet makes things more intriguing, more entertaining but unfortunately a lot more damaging to its shareholders. I dont think one can logically reason with emotionally charged people. You believe BP needs to be slaughtered for what they have done, and you can say whatever you want. I dont believe this should be the case, I am a believer in logic and clear measures that establish cause and effect, nothing more nothing less. With this I bow out of this discussion.
BP is gone under 5 in 12 months ? When I read suggestions like these : strong buy regardless of the mistakes that BP made. Some of you should know that more than 10 % of US pension monies are invested in BP stocks ( before the spill ) and how many US jobs are depending on BP as a employer ?
Arguably gold's recent strength has been supported by the collapse in BP's stock. If a giant as BP proves to be as vulnerable as is seems what save havens are there really left? Not many.
That is not Fact- 10% of U.S. pension monies are not invested in BP stocks. where did you get those figures. Also if that was the case the volume from 50 days ago would have made them liquid by now. BP will dissipate just like the oil it is spewing. BP is like the Bear Stearns and lehman brothers of the oil market. 200bln is gone. Its holders are short against the box and that's the end of the story. Its time for the traders to trade it like should be traded and for the little men with no balls to step aside. If you don't think the shorts are coming back into this stock heavy get a Bloomberg terminal in your office and use function SI and track the numbers. THE shorts are never wrong. Once the cash reserves are gone and the suppliers are not getting paid then what happens? vectorvest has the value at 60.00 but they don't factor in Law suits. When that value recalculates then we will see what happens. they will be bought out for their assets. The company that purchases their assets will be the leader.
"Could the Deepwater Horizon Disaster Destroy the Gulf?" http://finance.yahoo.com/tech-ticke...-Deepwater-Horizon-Disaster-Destroy-the-Gulf? http://www.ft.com/cms/s/0/84888372-83de-11df-ba07-00144feabdc0.html I think I am going to vomit.