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.

oh for goodness sake! .... what sort of crackpot idea is rattling in your little head?

club BP's first priority is to plug the hole,it appears their actual strategy is to drill relief wells, unfortunately the pictures of apparently tens of thousands of barrels of oil poluting the gulf of mexico in the meantime only increase the animosity towards them.We would like to think they know what they are doing as they are highly paid professional oilmen. All along since this disater happened BP must have known what was possible to solve this oil leak and the interim measures taken golf balls etc were not going to solve the problem but they needed to be seen to be doing something.The environmental damage will last for generations..... they need very,very deep pockets.

Obama has likened this disaster very similar to 9/11, possibly even worse and has greatly affected the American psyche. And Florida is hugely affected as tourist numbers dwindled significantly.

Just bought for the first time @ 354p

Good luck but I think it's too early to buy.

What the hell! He who dares? (Gets shat on) Long BP. 356.0 :o)

who is thinking of buying, Hayward will be roasted on thursday by the senators does he have any defence......

only reason to buy is to bank a profit on a short position and/or as a precaution against being squeezed over a w/e

cynic if you are short there is more to come!

350'ish currently being tested as a support ... if that fails, then the bears will make hay - as they would!

It would take BP a long, long time to get back to its peak, if that will ever happen. Interesting graph.

Hayward will be alright he is being coached by George Galloway ........ respect man

weak finish to wall street after strong start - down about 15 - and bp pretty much at it's low of $30.70 (down 9.63%)

...thats me - making hay while the sun shines,, l opened a small short today on the back of some big fund management selling in pre market jitters , plus cant see a reason for hi value individuals, or even , institutions , holding if div. is indefinately suspended and wallahs like Senators Reid and Genendez carry the day in making a massive dent in BPs warchest. Bloomberg report that the biggest bet on BP in options mkt is the opening in the past two weeks of 33,445 "put" options to SELL at $12-50 c *********************************************************************************************************************************************************************************************** ********************************************************************************************************************************************************************************************. . Now much as i abhor B.P. s abysmal-almost criminal - safety record which i have banged on about for years ,what are the horrorfying implications for other deep sea drilling outfits in the light of Deepwater disaster let alone UK.PLC. whose coffers will be decimated if BP collapses ? As for other deep sea drillers - Will they even be able to secure insurance at any price ? .....and all this at a time when the concept of peak oil is more relavent than ever.********************************************************************************************************************************************************************************************************************************************************* Lets not forget the USA investing community hold almost 40% of stk in issue, with China and lndia holding a furthur 17% , and EU constituients accounting for approx 12%. So it would seem it is in NO-ONES interests for B.P. to go into chapter 10/ or at least chap 11. ! Quite ironically, 43 out of the 64 district judges, dispensing justice, in those very oil affected states either own common stock/ warrants / bonds or one or another financial instrument in BP so the waters are furthur muddied ...********************************************************************************************************************************************************************************************************************************************************************************************************************************************************************************..As As for Hayward; the man is an utter waste of space - Brownie, warts and all, would at least have come out fighting - dragging a screaming Cameron with him , and in no uncertain terms told Obama and his political lackies to get off his back, and allow the so called "experts" to rectify this matter,,,and then told obama to get him a gin and tonic which is all he is good for. Lets face it; Obamas knowledge of the oil industry could be written on the back of a postage stamp

TFC must have a screen 3ft wide to see all .......

i think it's pretty witty, especially for a neo-frog
didn't they get mangled by the springboks though

i didn't recognise him without his accent.

Moved stop to entry 356.0 BP. long. Discretion (fear) !

banked a nice little profit at 357.9 ..... markets are determined to head north and bid book is longer than offer ..... but assuredly would not go long!

Moved stop to 360.0 to lock in +5. I agree Cynic but it is tradeable both ways.