If they fail at this 4th or 5th attempt or however many times they have tried already, look for another 25%+ sell off. If they do cap it and at least slow it down the stock could head back to $42-$45 area. Other than that I would not touch this stock, the lawsuits and the amount of money they are going to have to pay out should keep investors farrrrrrrrrrrrr away from this stock.
Sorry, but if you have even a rudimentary grasp of math and physics, you'd know that "green energy" is a total joke. It's terribly inefficient and causes lots of problems (environmental and otherwise) of its own. If you're talking about a huge effort towards nuclear and natural gas, yes, that's the direction we should go. But it will be decades before we can reduce petroleum dependence significantly.
Well, if you ask me, there's little chance that this $191billion market cap (a few months ago) company will be put out for what's happening. They do $245billion dollars a year in sales. Sure, this looks bad, and the market doesn't like it. But I am bullish on BP. Also, I suspect the bottom may be very soon- it usually happens when things look the worst.
Yeah, they are still pumping oil and refiners dont give a damn whos selling it, they just the cheapest oil to refine. The fall in the market cap almost surely takes into account any litigation/fines plus the collapse in oil and the stock market
55 Jun/Jul call spread is a double from current levels by expiration. That's all the detail I am willing to offer.