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.

Hopefully it will move up over the course of the day once the profits have been taken....Yanks closed 8% up last night so shall have to see what they do this Afternoon.

that was after hours and thus after the news, so would imagine already built in ..... the rise equated to about 15p in london this morning

Doing business as usual ...........

BP takes over Verenium's cellulosic biofuels business

BP Biofuels North America is taking over Verenium's cellulosic biofuels business - including its facilities in Jennings and San Diego - for $98.3m.

Verenium will retain its commercial enzyme business including its biofuels enzymes products and the right to develop the business, including for applications in the biofuels segment.

BP Biofuels chief executive Philip New said: "This acquisition demonstrates BP's intent to be a leader in the cellulosic biofuels industry in the US and positions us as one of the few global companies with an integrated end-to-end capability, from R&D through commercialisation to distribution and blending."

FTSE may drag it down a bit today, and of course it is the dreaded Friday. Bin Laden and his boys could strike over the weekend.

Cynic

re - the rise equated to about 15p in london this morning

I am not sure how you can make profitable business, as I see the suppose RISE to be much higher on my calculation, I will explain

(taking round figures )
London close at 401p (0.60% rise )

US close at $38.92 (7.60% rise )

now the US rise 7.60% - 0.60% London = 7% Rise for London this morning

7% rise this morning at 401p = 28p

401p yesterday +28p today = 429p


You were talking about ...... it should be 15p, maybe because the price at the time was that.

On my eyes a disapointing rise

Gap fill in progress. Bears love attacking gaps!

Why are they magnetic??? Because the market knows there's money to be made on them. The prospect of money moves the market. GAPS are an easy win, they hold limited support and resistance within the vacuum.

Watch BP bounce at the bottom of the GAP. Nice trade if you ask me

Not if the rumours that are there are leaks appearing and a fracture in the sea-bed is spewing oil as well now. They'll drop quicker than a whores knickers if its substantiated

FTSE fighting to stay up but afraid it is on way down and sinking fast pulling BP down with it. I hate fuc**** Friday's

MRSI - you are so much cleverer than me, but when london was 401, ADRs were already $37.07 or even a bit higher ... so that equates to + a further 5% at a pinch = 20p in london (so call me a liar), and in fact london opened +24/25

oh, perhaps i'm not so thick after all

nordcaperen ...there's always going to be someone coming up with negative rumours ....so funnies on twitter last night from USA with some suggesting that BP were just manipulating the media and the leak hasn't been stopped at all!!! PLenty of nutters around!

re - MRSI - you are so much cleverer than me,

That could be true I must say, from an early age I was always top of the class on the mats subject

well now see above again and stop being so f'ing arrogant and perhaps go back to school for a refresher

What happened since then, it is obvious you have fallen to the bottom, maybe you like bottoms.

BP shares jumped by more than 5 per cent today after the beleaguered energy giant said it had temporarily stopped oil flowing into the Gulf of Mexico.
In a surprise statement, the British oil giant said that oil had stopped gushing into the ocean for the first time since an explosion destroyed the undersea well on April 20.
After a series of delays and setbacks, BP has closed off the valves in a cap placed over the damaged oil pipe on Monday.

Underwater video shots that have shown gallons of crude flushing into the water for months showed the flow reduced to a trickle.
But the breakthrough does not mean the crisis is over.

Analysts said the shut down would continue for six hours for engineers to carry out 'integrity tests' to check on the pressure inside the pipe.
If the pressure rises and the pipe holds firm, BP was hoping it could keep the five valves on the stacking cap closed.
If the oil pressure began to fall, that would suggest that oil was leaking lower down the well bore into underground rocks.

Putting the pressure on: Hillary Clinton has promised tp to investigate claims that BP had accepted 'blood money' from the Libyans over the freeing of Lockerbie bomber Abdelbaset Ali Al Megrahi
BP officials said the tests would carry on for 48 hours to see if the valves could remain closed until work on a relief well is completed midway through next month.
BP is drilling two relief wells so it can pump mud and cement into the leaking well in hopes of plugging it for good. The relief wells are considered to be the only permanent fix.
Retired U.S. Coast Guard Admiral Thad Allen, the top official overseeing the spill response, said the cap was an 'interim step'.
'All that is an interim step on containment, pending the finishing of the relief wells, killing the well with mud and putting cement in,' Mr Allen said.
Even so, BP shares surged 9 per cent on Wall Street as the news broke last night and 5 per cent in the City this morning on the opening of trade.
The stock dipped below 300p at one stage last month - its lowest point since August 1996 - but has recovered to around 425p amid signs that it is closer to tackling the crisis, which has so far cost more than 3.5 billion US dollars (2.3 billion) in spillage and clean-up.
The cap, first installed Monday, is a crucial step toward a four-vessel oil-capture system to be in place by the end of July that is hurricane-ready and can collect up to 80,000 barrels a day.
The first of two relief wells is expected to intercept and plug the leak by mid-August.

Is that a Jewist wish with acid retort

or a Friday wish

It is hard to admit mistakes and on top put excuses or edit post. (767)

it does not make sence the editing part

Masterbates is everything you post, cut & paste. An idiot trying to look clever.

The B@stard have spoken

I bet you are the top dog on your council estate

The B@stard have spoken ................ with verbal diarrhea

Where did you cut & paste that gem from, maybe the big issue in your case.