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.

but not buyable at that price i think

Obanana loves this, it covers up everything else. He is leading all the sheep. You would think his time would be better spent chasing the corrupt bankers, and wall street bent mob.

I wished I had listened to myself and taken out my first ever short....grrrr...

An excuse to blame the UK ?

ah yes ... well is wish i had hung on for greater profit like i (very foolishly) did with RKH

don't start him off again .....

In the first test of the special relationship since the Coalition took power, the Prime Minister is under growing pressure to try to stop Barack Obamas fierce criticism of the company.

The US presidents aggressive rhetoric, including a White House threat to hold a boot to the throat of BP, has been blamed for wiping billions of pounds off its value.

BP's Hayward: 'I'm also angry and frustrated' But when asked about the impact on the pensions of millions of people, Mr Cameron backed the president, saying he understood his frustration.

Despite calls for the Prime Minister to support BP and warnings about the threat to the national economic interest, he made no public attempt to defend the firms position.

BPs share price has almost halved in the wake of American criticism, wiping nearly 50billion off its value, with damaging consequences for British pension funds.

The company is responsible for almost one in every seven pounds of dividends paid to British pension pots.

BP shares fell by more than five per cent on the London stock market yesterday as US politicians demanded that the company scrap plans to pay a dividend. The US attorney general refused to rule out taking an injunction to stop BP giving shareholders 10billion next month.

Mr Hayward, whose pay package is 4 million a year, then paid off the mortgage on his familys mansion in Kent, which is estimated to be valued at more than 1.2 million.

1.2 million for a mansion ? You wouldn't get a small flat in some parts of London for that.

376 this morning, according to Bloomberg over the last 10 days BP buys have outstripped sells.

I reckon Obanana and his ass kissing female sidekick are talking it down so that they and their close friends can make a killing.

Obanana and his ass kissing female sidekick ....... you sound like a redneck.

No just a good Church of England boy. Born and bred in this Country

so was nick griffin i believe
meanwhile, smells more like smithfield on a friday in 16th century (burning heretics and others at the stake!)

NG not all that bad then. He would have a field day with OBanana I heard NG has joined the KKK

and of course marlboro cigarettes are well known for their disguised kkk symbol on the packet

being a strict non smoker of ciggarettes , coupled with reg. tobacco investments as morally bankrupt, i have honestly never noticed the marlboro brand/ symbol as being a covert KKK symbol . ls that true cynners or are you being a little tongue in cheek in this instance .? Agree,of course, Clubman, sounds like something from the days of Henry V of England preoccupied with burning of lollards; but never forget the words of Zola in that no matter how repugnant clubmans views , he has the right to air them . ....surely the sign of a mature democracy.....

certainly the "red" marlboro packs have quite easily discernible 3xk on them (i don't smoke either) ..... given the State of Virginia, it would not surprise me if it was intentional ..... as for the lollards, i had not realised the movement started so early, but associate it more with Henry VIII and of course Mary Tudor ..... clubman would probably have been lauded by some (sorry; a very laboured and bad pun)

cynners- cant work out if this is a very strong long term buy and hold or what is best strategy at the moment .- thought of going long this morn after 8% rise in USA yesterday;but left it to late and considering the sheer size of some of the sells on LSE yesterday including two of 28 and 10 million @365p i was somewhat dettered ./ so juste sitting on my hands at the moment . ...lncidentally;.Have you ever read a leaked document prepared by B.P. risk managers dated oct of 2002 titled " cost benefit analysis of three little pigs " ? lt makes for both sickening and really shocking reading reg. B.P.s somewhat cavalier attitude towards personnel safety in the workplace .{ B.P. attempted via the courts to suppress it but failed } l thought it was a sick joke at first ,but it was substantiated up by a leaked e-mail from a chemical engineer in risk management at B.P... Lets not forget BP were fined $50m ,and are already on 3 years probation for felony violations following an explosion at a Texan oil refinery in 2005. This order,itself, they then breached, with Alaskan pipe leak at Prudhoe bay in 2007 which led to a field producing 8% of USA supply being closed - a matter yet to be resolved .,,,,,,and even this very thread was began by poster reffering to Nigerian oil spill back in 2003. Then we have all the lawsuits reg. North sea swamping the courts - l honestly dont know where this will all end esp with Obama and politicos having thier two pennys worth .........A lot of this i lay at the door of Brownie whose drastic cost cutting exercises led to B.P. s safety record being called into question - and his enforced resignation. But to blame B.P. alone for deepwater is pure folly -For as many Americans work on this project as do Brits !!!

frenchie try going with the flow.

i don't think i would jump either way on this one ..... to my mind, the likes of AFR or TLW or PMO or DNX (perhaps) make far better sense .... if you want a bit of excitement, then the falklands bunch will give you plenty of that

Made a small fortune on this Friday.

+30