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.

they're really flying .... short-lived euphoria because of change of CEO or what?

No because Obanana got his bung confirmed in his Swiss account today.

:-) nice lift.

Friday could have a good one for a change about time.

Flying cos they've been upgraded to a BUY by Gausiebank.

:-)

Would have been up more if not dragged down by the pond life.

ADRs $38.75 at london close

Get out of any short positions before next week MM's will want these trades out of the way and we all know what they can do it is called a spike to take out any stops

Ummm, Clubby. It's a SETS stock, in which about 75% of the action is usually through DMA. MMs hardly even play a bit part ....

$38.28 at london close
$38.47 at NY close

BP to change it name to AMECO.

Closed part @ 420 for a few.

Interesting news

Clubby is in

Oh Shit.

ClubbyI thought youd had enough of oil for today

in that case i'm even more glad i'm now out (about 423)!
it's proved to be a very good trading stock over recent weeks

Still in for the 5+

BP has claimed success in plugging its catastrophic oil leak as President Barack Obama said the battle to stop the Gulf of Mexico spill was "finally close to coming to an end".
Mr Obama said lives had been "turned upside down" because of the spill, but said he was heartened by indications it was being brought under control.
He spoke as BP said its "static kill" operation to shut off the flow of oil by pumping heavy mud into the well had gone as hoped in a "significant milestone" for the crisis.
White House energy adviser Carol Browner said a new assessment found that about three quarters of the oil has either been captured, burned off, evaporated or broken down chemically. "It was captured. It was skimmed. It was burned. It was contained. Mother Nature did her part," she said.

The achievement marks the first stage in bringing to an end the worst spill in US history, which saw an estimated 4.9 million barrels leak into the Gulf.
Panmure Gordon oil analyst Peter Hitchens said: "This is very good news for the company as this would imply that it has at last stopped the well."
BP will closely monitor the well to see if more mud needs to be pumped in, and plans to add in cement if the pressure remains controlled.
The company temporarily sealed the well after a tightly-fitting cap was placed over it two weeks ago. This stopped oil gushing into the Gulf for the first time since the leak erupted on April 20, when the Deepwater Horizon oil rig exploded and sank, killing 11 workers.
BP said the so-called static kill will pave the way for permanent closure of the well, which will be achieved using two relief wells. The group began the relief wells days after the disaster struck.
They are expected to be completed by mid-August, when they will be used to pump further cement and mud into the well in a final phase of the operation.

$40.08 at london close ...... currently surprisingly down a bit at $39.45 ...... and closed $39.38