BP dissapointed private investors as the share price slid even though a
Massive 136 percent jump in profits were recorded for the last quarter.
This was already expected and comments from Lord Browne saying falls in oil expected have brought also helped the stock down.
He says can stand oil price even below $16 pb
The hostage situation in Nigeria getting bad maybe BP putting on some weight today?
Locals want enviroment cleaned up and profits shared.
Any chance?

sp continues to weaken and weaken ..... i thought i was quite brave when i set a limit 338.2 on a small short position i had taken, but sp is now 332 and weakening still

12 month low just hit - 328.40.

BP: A Record 25,830 Barrels Total Oil Recovered On Monday
BP (LSE:BP.)
Intraday Stock Chart
Today : Tuesday 22 June 2010
HOUSTON (DOW JONES)--BP PLC (Bp BP.LN) announced Tuesday that it hit a new record in the amount of oil captured from the broken Macondo well by flaring off more oil as it works to keep it from spewing into the U.S. Gulf of Mexico.

On Monday, BP collected a total of 25,830 barrels a day, the company said on its website on Tuesday. BP flared 10,270 barrels of oil and captured 15,560 barrels of oil.

These figures beat BP's previous record achieved on Thursday, when the company collected 16,020 barrels of oil and flared 9,270 barrels of oil for a total of 25,290 barrels of oil collected.

In total, BP has recovered 298,600 barrels of oil since it put in place a containment cap and the flaring system.

At full optimization, the current operation could capture up to 28,000 barrels a day, Admiral Thad Allen of the U.S. Coast Guard, the federal commander for the response, has said.

The operation involves two ships, the Discoverer Enterprise, which has the capacity to collect and store about 18,000 barrels of oil a day, and the Q4000, which can burn off about 10,000 barrels of oil a day.

BP is under intense pressure to contain the well, which scientists estimate is producing about 35,000 to 60,000 barrels of oil a day.

On Monday, BP flared 52.2 million cubic feet of natural gas.

-By Susan Daker, Dow Jones Newswires; 713-547-9208; susan.daker@dowjones.com

Order free Annual Report for BP plc

ADRs $29.80 at london close

Why are you giving USA price we don't give a flying FCUK about those ignorent savages.

344.20 Sterling, GBP England wonga

Is that like 334.20!

Typo error on my part, Yeh give that man a cigar, I think Clinic has been smoking the weed today, and Tabby is out walking his Mrs.

because it shows what will happen at the open tomorrow in london ...... not so dumb!

Could you please give me the opening price for Tesco on Friday, or maybe the full time result of the England game Wednesday. Cynic slow down on the ganga mate.

don't be an arsehole arsehole! ...... i shall also post the closing ADR price for comparison

as for england, i don't give a hoot if they get knocked out at this pool stage .... i don't follow footy, but think this bunch of prima donnas are just that

Clinic's Trading secrets

Not in the kosher team then

cynic - 22 Jun 2010 16:37 - 168 of 176
ADRs $29.80 at london close

Wrong
Last Trade: 29.66 $

ah, many thanks... confess i did not check until 1637 uk time, at which point it was $29.80

closed $29.73 so pretty much flat .... however, with dow dumping 140+ points, not pretty for london tomorrow even if gold a bit stronger and oil steady to lower

My thoughts also

so will you be shorting bp in the morning, or just letting it resolve itself?

5th UPDATE:Federal Judge Rules Against Offshore Drilling Moratorium

A federal judge in Louisiana on Tuesday ruled against the Obama administration's temporary ban on deepwater offshore drilling, dealing a blow to the administration's response to a Gulf of Mexico oil spill that continues to grow.

Judge Martin Feldman of the U.S. District Court for the Eastern District of Louisiana ordered the U.S. Department of Interior to "immediately" stop enforcing the moratorium until a full trial on its merits occurs.

The administration's decision "simply cannot justify the immeasurable effect on the plaintiffs, the local economy, the Gulf region and the critical present-day aspect of the availability of domestic energy in this country," the judge said.

Can't understand why Buys are still above the Sells, yet sp falls 2.4% - could there be a trade "after-hours" that we don't see...?

It's a small fall, but with the "Cap" reinstated, you'd think folk would be warming...?

UPDATE ON GULF OF MEXICO OIL SPILL


Two systems continue to collect oil and gas flowing from the Deepwater Horizon's failed blow-out preventer (BOP) and transport them to vessels on the surface.

The lower marine riser package (LMRP) containment cap, installed on June 3, takes oil and gas to the Discoverer Enterprise where oil is collected and gas flared. The second system, which began operations on June 16, takes oil and gas to the Q4000 vessel on the surface where both oil and gas are flared.

Oil and gas collection through the LMRP cap containment system was suspended for approximately 10 hours on June 23 following an unexpected release of seawater from the Discoverer Enterprise. Capture of oil and gas through the system connected to the Q4000 continued throughout the day.

On June 23, a total of approximately 16,830 barrels of oil were collected or flared by the two systems and 36.7 million cubic feet of gas were flared. Specifically, the LMRP containment system connected to the Discoverer Enterprise collected 8,300 barrels of oil, and the Q4000 flared an additional 8,530 barrels of oil. To date, the total volume of oil recovered or flared by the containment systems is approximately 364,500 barrels.