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.

BP at the end of the day have an open liability nobody can put a price on the final total this disastrous oil spill from their Deepwater Horizon project it was long ago the worst US eco-disaster in historyI dont understand who is responsible for risk assessing the project and since BP provides its own insurance cover the costs will fall directly on its own balance sheet and shareholders
The potential for legal pay-outs will be immenseBP has promised that everyone damaged will be properly compensated American courts have a regular habit of being extremely generous with their awardsthen you have the environmental groups who are bordering on bonkers but have very deep pockets when taking on a fightthen add into the equation they are all dealing with British Petroleumoh dear!I have no financial interest in this companybut any person posting a buyshould get medical help

tabby - though most of what you say is true, much of this will be dealt with at gov't level

When it closes below 3 (sometime this week) the following day you'll be wiped out for at least another 10 % - Anybody going Long on this must be insane.

Sub 300p today I would guess.

For those interested on BP. moving lower ( tabasco and nordcaperen today )

FTSE is down 110 points

And BP. holding around the 300p, already marked down from the start of trading.

Maybe YOU should look at the shares you own instead ( i guest is much worse )

My Palestinian friendI have no interest in seeing BP failother than for the treatment Lord Brown receivedI wish you well!!!
I just believe this stock is a massive risk to our kids inheritancenothing more

to plagiarise marty feldman playing mr christian - oy, tabby, have you got the wrong fella!
i no longer hold any position .... closed the balance this morning with a minimal profit/loss overall

BP are holding up well considering the fall of the FTSE below 5000 and the Dow ready to crash down below 10,000 on opening. A good day for shorts.

I'm long again.

Cynic.you lost me on that last postplease explain to a thicko?
ClubbyBP have not got a chance in hell of covering all claims against them Tony Hayward has gone on record as saying BP doesn't have enough money in the world to clean up the Gulf of Mexico
I have my hand on a Bible nowI swear that I have no financial interest in BPmy only short sell trades are Horses and the ftse.ever!
Cynic I am extremely glad you traded this Company without loss

Marty Feldman Cynic now you are showing your age. I used to watch him when I was a kid.

He was the most Jewish looking person I have ever seen. they should use his face on Isreal notes.

Gausiegood luck with that one

i'm not sure how the israeli pound fares on the currency markets, but if it is one of the joke currencies, then would be most apposite


tabby - you're obviously far too young .... MF was a comedian of 70/80s or thereabouts and there was a very funny sketch based on Mutiny on the Bounty .... enough explanation?

Marty or Cynic

He obviously holds a lot of BP shares?

hmmmm hard to tell..... .,.

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Let's all hope direction of stocks change soon. The UK seems to be fucked up. When I sold my clubs to Luminar in the late 90s the Inland Revenue estimated I would have to pay 40% of the gain which was substantial. I offered to settle at 20% they refused.
So I moved to Gibraltar and payed no tax at all. Now our new government seem to be hell bent on reducing benefits for cripples, and poverty stricken disabled, does not seem right.

Guys like Sir Philip Green evade most of their tax liability by living abroad and working in the UK

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