BP Oil Spill

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.
 
Quote from austinp:

Well here's a calculated reaction of many: the world needs to stop trying to feed big-money oil interests and all their dependent leeches and move full-tilt towards 100% alternative energy sources. Ten years ago would not have been too soon.

If that oil slick pukes a few million gallons across the MS delta there, economic damage across countless industries will breach $100 billion before nature is restored. This event won't spur any further technology to defend against the next disaster. Already had enough chances to accomplish that before. With BP and XOM raking in all-time record profits for any company, where was the R&D for prevention here?

Hopefully both companies go bankrupt, delist and cease to exist. That's only fantasy, but it'd be sweet.

Drilling in national parks, protected lands, sensitive eco systems and deep-water locations impossible to quell disasters like this with is flat-out stone stupid greed. Blind, short-sighted, sell their children's future, selfish bastard greed.

End of story.
More...

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.
 
Quote from ptrjon:

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.
More...

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
 
You must log in or register to reply here.
Back
Top