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.

nah! would one dare do that? .... when he's not being stupid, he's pretty good value, even if chicken and we need a few "characters" here

MasterI cant quite read the magazine by the bedis it Playgirl?

I think someone is saying " IS PLAYING TIME " no time for Playgirl

The right hand though with arthritis, still manage to do the job

About time for a CHART at both sides of the ATLANTIC, as soon will be open over there.

Will it finish at 398p today? 400p at the moment, as it started

$36.48

***** septics

It was a closing price of 398.80 / 398.90p, pretty close to the round figure of 398p I mention earlier.

Wall street was 220 points higher at the time

Thought this was interesting...

What BP could buy with the money lost from the oil spill

Light oil PRICE on the rise to $79.15, but ADR at $36.22, lower than at London close $36.48

News during the last hour by Kent Wells ........

The seismic monitoring gives us confidence that we do not have a significant leak in the well.

Regarding relief wells - making decision later tonight whether to disconnect site due to tropical storm.

If we do evacuate due to tropical storm, we can leave well shut in when the vessels leave during the storm.

All of our monitoring gives us confidence that we have well integrity. -Kent Wells

Well integrity test continues to go well. Pressure steadily builds and is currently at 6,863 psi.

Tony Hayward you are the weakest link total train wreck!.>

Throughout the weekend, Mr Hayward was reported to be in discussion with senior management over his severance packageI see he has his priorities in the right place..

as would we all

I know many people that could have been just as big a failureand would have done it on the cheap10mil. pension for wrecking BPs namefor costing the Company massive unknown compensation and clean-up coststhat could put them in the red ?all in a record time nice work if you can get

quite so, and jealousy gets us nowhere ...... meanwhile, i'll just bank the odd crumb of profit and be thankful for it

Whats new?

The BBC broke a story yesterday that
CEO Tony Hayward was negotiating an exit from BP
and that an announcement could come as early as the
next 24 hours, with Bob Dudley seen as the most likely
successor. If BPs board does opt for change, we
believe the appointment of Mr Dudley should be
welcomed, particularly in the US. With a proven track
record, notably the handling of the dispute over TNK-BP
in Russia and significant experience in E&P, his CV ticks
the right boxes.

Estimates for clean UP?

There are reports from the FT
that BP will take a charge of up to $30billion for Macondo
with the numbers tomorrow. While not confirmed by BP,
a statement providing a more detailed framework on the
numbers should support the shares consensus for the
clean-up costs is c. $40billion, with some estimates as
high as $70-80billion. We also argue given the progress
to date on disposals, targets will be raised.

i sold my holding during the day ..... nothing huge, but a welcome profit nevertheless

Think I will hold on with my small profit from 4.08!

$ 11 Billion loss in this quarter - Thought you all said they were still making massive profits ??? Amazed to see the price holding, only a matter of time before reality sets in and people realise there will be no more dividends for a considerable time, still heading for bancrutpcy in my book

Once the Monkey is off their back, BP will be back paying 8% divi's on current sp..imo

nordcapern - they are still making good profits- however pre tax charge of ,i believe, 26 billion is incorporated within the accounts which will be, one assumes ,a one off