I expected more from the environmental fall out and I was hoping for more public outcry but it appears the Obama administration has all teeth and no bite.
BP is a formadible company with deep pockets doing a good pr job. The oil effect is yet to be felt but with a dividend at the low of 8% even if they cut it to pay the piper they are still in a good position. I have to admit this call was a bit fifty fifty ish and the pessimist have lost this one for now.
Take your medicine and admit defeat its time to cover the shorts and take it like a champ. Dollar is falling and BP can sell to anyone around the world and I am sure they have a highly leveraged commodity portfolio which is profitable.
BP is a formadible company with deep pockets doing a good pr job. The oil effect is yet to be felt but with a dividend at the low of 8% even if they cut it to pay the piper they are still in a good position. I have to admit this call was a bit fifty fifty ish and the pessimist have lost this one for now.
Take your medicine and admit defeat its time to cover the shorts and take it like a champ. Dollar is falling and BP can sell to anyone around the world and I am sure they have a highly leveraged commodity portfolio which is profitable.