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.

There's the rub. It looks (atm) as if the dividend will be maintained. 1 in every 7 of pension dividend in this country comes from the BP dividend.

On edit:- that particular article says - BP is the most important company on the UK stock market by a considerable margin. Roughly 1 in every 6 received in dividends by UK pension funds comes from BP, so a cut would have a severe impact on almost every saver in the land.

Up on the day (pre auction)!

-0.25p

It will have the odd spike here and there - every share does ! Its heading one way, down. Mind you so is everything else.

Tony Craze on wake up to money BBC 5 live this am again saying the fall is overdone and BP is a raging buy at the moment..eh hangon a minute I remember him saying the same re Marconi when they were 120p and a year later..1p.

Nothing is a raging BUY at the moment, Helmets on and get ready for the second 'crash' - This one could be worse than the last.

I agree nord the banks are due another crash anytime now bringing the whole market down with them.

Hammer formed today...eat your heart out Tony.

looks like a 3 er to me.....hammer that is..

Not good is it.

Looking right across the board , over the last 2 weeks the drop in all the market is scary, Time to cash in all my chips and wait a while - Can only see this getting worse and worse. There is absolutely no good news out there and things will only get even worse. The World economy is totally f***** Fact. Think we need a good old War to clear the decks.

Back in 2000 these were rated on a p/e of 52 whilst oil was at $25 a barrel. Justification being that they had "wealth in the ground". 10 years on, p/e ratio closer to 5 and oil 3x higher. Curious huh?

too many journos spreading alarm and despondency as usual, the high street seems to be holding up quite well as normal people go about their business ignoring the media doomsters.

oil futures look ominous,,,scarey monsters and all that ...

Markets going down , No problem buy gold stocks like CEY

Sub 400p today and no let up.

Its 390p now when will it ever end..?

short here ..... wish i was elsewhere

No point in buying cynic when its over-priced.

strewth ..... decided to bank my profit at 394 as markets were steadying/strengthening .... now fallen another 10p! ..... anyway, nice little profit safely in the bank