The oil rig disaster in the Gulf of Mexico has damaged BP's reputation will they manage to avoid a share collapse to 350p.?



472p to buy this morning.

who told you that was where i was?
just been playing west course at wentworth .... i'ld forgotten how tough that was, and much more so since it's facelift

In the papers top-kill failed could be 3 months before success its a pr disaster for bp.

perhaps BP think this blow-out will cure itself.

currently down 7%.

BP . currently down 12%.

and still more downside methinks ..... have taken a modest short, but should have acted quicker instead of just thought

Sub 400p sometime in the future then buy @350p for the lt.

Share price leaking badly...200p before August very likely if their last ditch attempt fails.


More than 6 billion was wiped from the market value of BP last night after the oil giants latest failure to control its oil spill in the Gulf of Mexico provoked mounting anger in the US.

With markets in London closed, BPs German-listed shares plunged almost 8 per cent to 5.39 (4.56) after the US Government warned that the leak from the blown-out Macondo well may not be stopped until a relief well can be drilled in August.

The share price collapse was equivalent to a slide in BPs UK-listed market value of 6.5 billion, from 93 billion on Friday to 86.5 billion.

The companys market value has already fallen by a third since the deadly blast on the Deepwater Horizon rig on April 20, which left 11 workers dead and unleashed an as-yet unchecked torrent of crude oil into the Gulf.

Tony Hayward, BPs chief executive, was facing a groundswell of popular anger after making a new gaffe in which he told a US radio station: Theres nobody who wants this over more than I do. I want my life back, he said.

However, with 19,000 barrels of crude a day still surging into the Gulf and little chance of stanching the flow until a relief well can be drilled the palpable sense of anger at BP became clear yesterday when Carol Browner, a White House adviser, told NBC that the spill was probably the biggest environmental disaster we have ever faced in this country.

Ed Markey, a US Democratic representative said: I think without question if the word criminal should be used in terms of an environmental crime against our country, then whats going on in the Gulf of Mexico is going to qualify.

There were growing questions yesterday over Mr Haywards ability to survive the disaster. Its getting harder to see how he can really escape from all this, said one oil industry executive. He may struggle on until they finally plug it but the US Government is going to demand someones head on a plate and he is the most likely candidate.

The way it is going it will be nationalised by the US.

This is a job for Thunderbirds......come in Scott..Virgil.....f..a..b....but...M..M...Mmmrr misterrr TTTracy.....(sorry could not resist it !)

International Rescue..

Parker...please bring the rolls......yes millady..euhh with or without butter ?...

The cost to BP will be staggering....the poor wildlife, birds fish, .....a real mess.....and even though it was americans that were running the rig out there : the world will blame BP and the UK....

rf don't be ridiculous you can't blame another country (UK) for the actions of a company which is licensed by the US and is largely owned by american shareholders.

it's the bane of modern society - not my fault guv; let's blame someone else.

I knew it was a short when Tony Craze on wake up to money Radio 5 said he was buying at 530p last week and anything under 500p was a bargain..

How right he was ..418p to buy now.

He said the same about Marconi saying buy at 120p before they went bust.

This could do the same.

BP will not go bust. Granted big problems, as soon as the well is capped 100% watch the big fund managers pile in and the stock rise.

I'm thinking a sp of around 100p Clubman.

If it got to this price I would sell the houses, cars, wife & kids and buy

can you get money for your wife? ..... she must be young and lovely then! ..... i just got offered 3 goats for mine - and my children were deemed too old to be of interest to the local pederast society