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BP`s Stock Dwindles - 6/10/2010 6:44:29 AM   
Owner59


Posts: 17033
Joined: 3/14/2006
From: Dirty Jersey
Status: offline 		Listening to the BBC this morning I heard that BP`s share price dropped 12% in one day.

Just two short months ago BP was valued at over 440 billion dollars,one of the largest and most profitable companies in the world.

Today,they are worth just over 65 billion.

No links,just a British stock market anylist talking from the floor of the exchange.

Wow.


< Message edited by Owner59 -- 6/10/2010 6:46:26 AM >

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RE: BP`s Stock Dwindles - 6/10/2010 6:45:55 AM   
SL4V3M4YB3


Posts: 3506
Joined: 12/20/2007
From: S.E. London U.K.
Status: offline 		buy buy buy

or if you are a short term investor...

sell sell sell

< Message edited by SL4V3M4YB3 -- 6/10/2010 6:47:40 AM >

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RE: BP`s Stock Dwindles - 6/10/2010 6:47:09 AM   
Owner59


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it hasn`t bottomed out ...................yet.

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"As for our common defense, we reject as false the choice between our safety and our ideals"

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RE: BP`s Stock Dwindles - 6/10/2010 7:15:26 AM   
servantforuse


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Status: offline 		I wouldn't touch that stock if it had bottomed out. The financial liability for BP is now pushing 40 billion. Some are saying that figure is on the low end.

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RE: BP`s Stock Dwindles - 6/10/2010 7:27:27 AM   
Owner59


Posts: 17033
Joined: 3/14/2006
From: Dirty Jersey
Status: offline 		Yup,some how some way tho,you cons will "Socialize" this disaster and put on the tax payers to pay for,like you did with our economy, recently.

Privatize profits.....socialize losses. That`s neo-conservatism

< Message edited by Owner59 -- 6/10/2010 7:29:37 AM >

_____________________________

"As for our common defense, we reject as false the choice between our safety and our ideals"

President Obama

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RE: BP`s Stock Dwindles - 6/10/2010 7:31:34 AM   
housesub4you


Posts: 1879
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Status: offline 		Well, at least they have the money to hire Bush's former Chief of Staff ( Josh Bolton) to advise them on "protecting their interest" (ie:money)

http://thinkprogress.org/2010/06/10/bolten-bp/


And the GOP say they are not in the pocket of big oil

And another thing, How come on Monday when BP was in front of the Senate Committee all the GOP seats where empty, they have no questions for BP concerning the oil spill??????

Did anyone else hear the BP guy attempt to explain that wind energy causes environmental damage because of all the birds that hit the windmills???  Sen Franklin asked him if he was comparing birds hitting a windmill to the oil spill in the gulf, he said both cause damage to wildlife or something close to that



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RE: BP`s Stock Dwindles - 6/10/2010 7:38:09 AM   
Moonhead


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quote:

ORIGINAL: Owner59

Yup,some how some way tho,you cons will "Socialize" this disaster and put on the tax payers to pay for,like you did with our economy, recently.

Privatize profits.....socialize losses. That`s neo-conservatism

I'm more worried about people whose pension company have investments in BP, frankly. There's a fair few of them that do, aren't there?

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RE: BP`s Stock Dwindles - 6/10/2010 7:39:15 AM   
servantforuse


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Status: offline 		Obama has stated several times that his administration will keep their boot on the throat of BP. He might just go to far. If BP were to file for bankruptsy, the US taxpayers will be on the hook.

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RE: BP`s Stock Dwindles - 6/10/2010 8:22:29 AM   
Moonhead


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Status: offline 		Bear in mind that he's also stated that he has no interest in underwriting wall street, plans to withdraw from Iraq, and is keen to end discrimination in the armed forces.
None of that has happened either. Remember that the lad's a politician: you can tell he's lying because his lips move.

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RE: BP`s Stock Dwindles - 6/10/2010 8:44:18 AM   
LadyEllen


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quote:

ORIGINAL: servantforuse

Obama has stated several times that his administration will keep their boot on the throat of BP. He might just go to far. If BP were to file for bankruptsy, the US taxpayers will be on the hook.


BP is not going to file for bankruptcy, you may rest assured of that. Whilst it might be their oil, I would expect to see any claim on BP claimed in turn from the owners and operators of the drilling rig, the untimely end of which produced the circumstances for the spill, and on which subject we all ought to remind ourselves from time to time that several people died as a result of whatever caused that untimely end.

In this the US taxpayer will undoubtedly pay, and already has done in the form of the bailing out of the insurers some time ago.

But the US taxpayer may also be getting a nasty surprise on top of this, if its found that there was any collusion or corruption in the way permits were granted, regulations observed and inspections conducted such that substantial guilt might be laid at the door of the US authorities.

E

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RE: BP`s Stock Dwindles - 6/10/2010 8:54:08 AM   
housesub4you


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quote:

ORIGINAL: LadyEllen

But the US taxpayer may also be getting a nasty surprise on top of this, if its found that there was any collusion or corruption in the way permits were granted, regulations observed and inspections conducted such that substantial guilt might be laid at the door of the US authorities.

E


You mean like the person in charge when they got their permits approved and safety inspections signed off, never mind the fact that he was also negotiating a work contract with BP at the same time.  But no one in the Bush White House, the EPA or the other agencies charged with oversight saw this as a conflict of interest

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RE: BP`s Stock Dwindles - 6/10/2010 9:05:34 AM   
LadyEllen


Posts: 10931
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Status: offline 		Now now HS4U - its Obama's fault.

Repeat after me "its Obama's fault", "its Obama's fault", "its Obama's fault"...... keep going until you have forgotten what you posted and indeed forgotten what I have here posted.

And keep away from George Orwell - he's a damnable socialist, like Obama.

E

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In a test against the leading brand, 9 out of 10 participants couldnt tell the difference. Dumbasses.

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RE: BP`s Stock Dwindles - 6/10/2010 1:02:28 PM   
cloudboy


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BP reminds of someone too cheap to pay for insurance on the car and then falls into a massive accident, losing all their personal wealth and leaving others in complete misery.

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RE: BP`s Stock Dwindles - 6/10/2010 1:08:06 PM   
Musicmystery


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quote:

ORIGINAL: servantforuse

I wouldn't touch that stock if it had bottomed out. The financial liability for BP is now pushing 40 billion. Some are saying that figure is on the low end.

I agree. Litigation alone is going to tie them up for years.

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RE: BP`s Stock Dwindles - 6/10/2010 1:22:52 PM   
SL4V3M4YB3


Posts: 3506
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From: S.E. London U.K.
Status: offline 		In the end it'll be your cats fault.

These legal things are like the butterfly effect.


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RE: BP`s Stock Dwindles - 6/10/2010 1:24:52 PM   
Musicmystery


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Status: offline 		But how high a duck?

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RE: BP`s Stock Dwindles - 6/10/2010 5:57:58 PM   
thompsonx


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quote:

ORIGINAL: servantforuse

I wouldn't touch that stock if it had bottomed out. The financial liability for BP is now pushing 40 billion. Some are saying that figure is on the low end.


Just like the exxon valdez crippled standard oil????oh waite they just got the damages reduced to 1/10 of the original punative damage fine and the oil is still where it landed and will be of the rest of our lifetime. Lawyers are always cheaper than actually paying your bills because they are tax deductable.
Same shit different day.

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RE: BP`s Stock Dwindles - 6/10/2010 6:44:18 PM   
Owner59


Posts: 17033
Joined: 3/14/2006
From: Dirty Jersey
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quote:

ORIGINAL: servantforuse

Obama has stated several times that his administration will keep their boot on the throat of BP. He might just go to far. If BP were to file for bankruptsy, the US taxpayers will be on the hook.


Then we should just seize their assets and company now.

At the very least,we should withdraw all government contracts from BP,that total over 50 million so far this year.

Considering conservatives defunded ACORN b/c of alleged fraud and maleficence,defunding BP shouldn`t be to hard an argument.








_____________________________

"As for our common defense, we reject as false the choice between our safety and our ideals"

President Obama

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RE: BP`s Stock Dwindles - 6/10/2010 6:51:42 PM   
InvisibleBlack


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quote:

ORIGINAL: Owner59


quote:

ORIGINAL: servantforuse

Obama has stated several times that his administration will keep their boot on the throat of BP. He might just go to far. If BP were to file for bankruptsy, the US taxpayers will be on the hook.


Then we should just seize their assets and company now.

At the very least,we should withdraw all government contracts from BP,that total over 50 million so far this year.

Considering conservatives defunded ACORN b/c of alleged fraud and maleficence,defunding BP shouldn`t be to hard an argument.


For what it's worth, I wouldn't do very much against BP until they cap the damn oil leak. Once the immediate crisis is resolved, then I'd look into damages and penalties and future concerns. There was an analysis floating around Wall Street today of how much BP would lose if they suspended all North American operations and just told the U. S. government to go twist. It was in the double-digit billions but not more than their net worth. I'm sure that in some board room somewhere BP's directors and senior executives are tossing back and forth every option they can think of for how to spin this and how to deal with the legal ramifications. I'd rather they be devoting their time to thinking about how to stop the leak.

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