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.

12/14/2010 08:12:11 - MARKET TALK: Credit Suisse Raises BP Price Target To 585p

0712 GMT [Dow Jones] Credit Suisse raises BP (BP.LN) price target to 585p from 515p to reflect the brokerage's new estimates for crude oil prices and because it considers the market to be overestimating the costs associated with the Macondo oil spill. "We believe that BP has sufficient funding to pay for all liabilities even under conservative scenarios," says Credit Suisse.

Market seem to be taking last nights News of the US suing BP, in it's stride...thought BP may have taken a large fall this morning but I guess it was already factored in.

Good old BP still plodding upwards...slow but reliable :-)

its as bad as Des Chav with the ups and downs..........have to make a choice tom as news i would think when markets re open after xmas........................maybe better in RKH or half....or BP

what you need is some spikes on them clogs to stop the slipping,u need a good clip clop...and a pint...catch up soon as not down my mine much.

lol...BP is nothing like DES Marky and is low stress investing for the bigger numbers, lower % gains but much more invested because it's so much safer!

Rather you than me down the mine in these temperatures!

Came out the mine the other day and got some great pics of the Tyne frozen over,DES should be near TD.......shall i keeps spikes on and hold or get running clogs to the ready...tum to tum to tum...what to do!!!!!!

DES and skating on thin ice are very similar!...Tyne looks very impressive during this prolonged cold snap.

BP very perky this morning after a good day on the NYSE yesterday.

BP very perky this morning after a good day on the NYSE yesterday.

Looking to BP breaking 5 real soon:-)

5 reached on the offer.

Not being pedantic, but 5 was reached on the bid!

Bit of extra flesh there then Skinny...Be nice to push past and have 5 as support whilst pushing up towards 5.50.

Must have hurt it's head when the sp touched 5!

Looks like 5 cracked.

Well done Chav........looks like you wont need them spikes,take them shorts its in the 20s

lol..thanks Marky..I'll be thinking of you in your spikes whilst strutting in my shorts...good drilling weather for RKH!

Hope so Chav,have a safe journey and have a pint on me in the Victory pub!!!!ur round next in Angel.

I thought BP would have bounced up more this morning after the Russian news on Friday...ADR's closed up 3.5% on the NYSE after the news Friday...maybe climb more as the day goes on.

enlighten me please someone .... are this morning's numbers better or worse than expected?