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.

what is it with some of you guys? ...... add more zinc to your diet or emigrate to gaza and join hamas

hmm! what to do?
bank some of today's profit or sit tight?
inclined towards the latter as bid book significantly longer than offer, as it has been much of the day

=============

managed to sell 50% at 399.95 ...... no complaints even if it tomorow opens at 410!

Profits are profits

I took mine last Friday, today punt was on ANR, and doing almost as good as BP.

re - what is it with some of you guys?

One has to put the foot down with clowns like - 3509 - and match any bad language from the B@stard

Funny how know all masterbates allways seems to bag a profit. I reckon he just sits in his council house dreaming and posting winners after the result. Nam NAM NAR

By the way any one buying today at least had to pay 378p the lowest price,

So those shorts had to be close at a loss and then buy over the odds

Very boring chav.

3509

re - Very boring chav.

IT is indeed,
looking at you, cleaning your bleeding ARSE



re - are no match for Clubby

You have finally got someone that can put you down like the B#stard you are.

For all to see what a garbage behaviour you have ......
You are now on the STALKER'S list after posting yesterday, rubish on the thread I have been posting ANR

Looks more like what you would enjoy masterbates

Lets try to keep to comments constructive ?

C3509
he's well known on here. dont let him bait you. whoops! ;-)
forget it, he aint worth it.just my opinion as always and please dyor.
just you see, i'm next.(again) do i care?
regards
jkd

http://news.bbc.co.uk/1/hi/world/us_and_canada/10597423.stm

So what happened to this is the best short ever at 300-330p? Sometimes if it looks too good it usually is. Closed at a whopping loss yet Hyleo or can we expect a retrospective announcement you closed for a whopping profit?

UPDATE: BP Places New Cap On Leaking Oil Well, Prepares Testing

Today : Tuesday 13 July 2010
Bp PLC (BP, BP.LN) said Monday that it has successfully installed a new sealing cap as part of efforts to stop oil from gushing out of a broken well in the Gulf of Mexico.

The cap was installed at about 7 p.m. central time (0000 GMT), the company said in a statement. Starting Tuesday, the company will begin a series of integrity tests to ensure the cap is working.

The company said once the testing starts it doesn't expect any oil to be released into the ocean.

The new cap is the U.K. oil giant's latest attempt to stop the flow of oil from the Macondo well while the company drills relief wells nearly a mile below the surface that it hopes will permanently plug the leak.

The sealing cap system hasn't been used before at the depths or conditions of the Deepwater Horizon, BP said, adding that the system's "ability to contain the oil and gas cannot be assured."

Federal and independent scientists have estimated that between 35,000 and 60,000 barrels of oil have been flowing into the Gulf from the broken well each day.

Working with a vessel called the Q4000 and a more loosely fitting cap that was removed Saturday to allow installation of the new device, BP had managed to capture about 25,000 barrels of oil a day. The company reported that about 4,055 barrels of oil and 9.5 million cubic feet of natural gas were flared on the Q4000 vessel between midnight and noon on Monday.

all profit now banked, last tranche at 412.95 ...... sp arguably getting a bit o'heated, but what a profitable few days that has been ...... shall now just keep watching and may buy back in at some time

Time to push the stop loss close and sit back and enjoy the ride - HOLD rather then Sell IMO

Cynic you sound like the song ok cokey in out, in out shake it all about.

Well done, chock dee

BP Needs New Leaders to Counter Bids

Speculators piled into BP shares Monday, sending the stock up more than 9% in London. Their excitement was based not on the prospects that this week could see a cap successfully fitted on the leaking well but on hopes that there may be a bid for the company.

They could be disappointed. Despite the recent battering of the share price, still mired almost 40% below the level it hit before the crisis despite Monday's bounce, BP still has a market capitalization of about 75 billion (about $113 billion). That is less than half that of the mighty ExxonMobil but, with the bid premium that would undoubtedly be demanded, it would be a big mouthful even for that giant.

Put aside the price though and ask what board would possibly countenance a bid for a company facing such uncertainties as BP. The ultimate bill for the Macondo disaster is, as yet, unquantifiable. It would be a brave company that volunteered to take on such unlimited liabilities.

Carl-Henric Svanberg, chairman of BP, speaking at the White House last month.
Any potential bidder would also surely want to wait until the various inquiries into the causes of the oil spill had reported. Was this a one-off occasioned by human error or evidence of the results of rampant cost-cutting that might be expensive to rectify? The first of the U.S. investigations is due to be completed by September. BP's own inquiry, the results of which it intends to make public, should have some preliminary findings to release before the fall with the final report scheduled for October.

In the meantime, the company is seeking to raise cash through asset sales and apparently finding plenty of interest. But the board cannot dismiss the prospect of a bid further down the line. It needs to be asking whether, in that event, it would be well placed to mount a defence and the answer has to be "Not with the current leadership."

Neither the chairman nor the chief executive have acquitted themselves well in this affair. Carl-Henric Svanberg may have been told by his chief executive early on in the affair that his presence in the US was not required. If so, it was advice he should not have heeded. It has left him looking as if he was not up to the job, no matter how he has since tried to reassure investors to the contrary.

As for Tony Hayward, the picture of him stone-walling as he was subjected to a congressional grilling will linger embarrassingly long after the well is capped. This disaster happened on his watch and he is going to have to pay the price, however much he would like the chance to try to stay long enough to redeem his reputation.

BP now has at its helm a couple of lame ducks. This is an unsustainable situation and there seems little point in delaying the action that is required to put it right. There are potential successors close at hand. Paul Anderson, the former chief executive of BHP Billiton, who joined the board as a non-executive director in February, is being talked of as a suitably qualified successor to Mr. Svanberg. Bob Dudley, who had been a contender for the chief executive's role before it was handed to Mr. Hayward, would be a reassuring choice to take over from him now. He has already been charged with over-seeing happenings in the Gulf of Mexico and could continue to do so while wearing the chief executive's hat.

The BP board has much to occupy it at the moment, not least the prospect of legal actions being launched against individual directors. It may argue that it would be premature to make any changes ahead of the results of the inquiries. Yet if a predator were then to come sniffing around the company, it would be too late to change the top team.

There seems little to be gained by not taking action soon and much to be lost.

Take down the ring fence
The U.K.'s Conservative party made an election pledge that the drastic public expenditure cuts to come would leave the National Health Service unscathed. It is continuing to insist that this is the case and that the treasured NHS. would be spared the pain to be inflicted elsewhere. Yet there are clearly savings to be made.

The restructuring that Health Secretary Andrew Lansley has announced, stripping out tiers of bureaucracy and handing muchmore power to general practitioners, should yield significant savings in the longer term, even if there is short-term disruption.

More immediately, the Department of Health itself could surely yield up some sacrifices for the national economic health. Its Web site lists a dizzying array of press officers, media advisors and speech writers. They may each be excellent at their jobs but is it really necessary, in an age of austerity, to have so many people employed in the publicity machine rather than the operating theatre?

Kremlin seeks cash
Perhaps his timing could have been better. Just days after ten Russian spies had been flown out of the U.S., President Dmitry Medvedev decided to make a plea for the U.S. and the European Union to invest more in his country.

"We need special alliances for modernization," said the President in a speech to Russian ambassadors. He listed "Germany, France, Italy, the EU in general and...the United States" as preferred partners.

Tacitly acknowledging that there are some qualms about the business climate in Russia, the president said "We believe in the triumph of law and that we can stamp out corruption...for the success of modernization." But those words may not be sufficient to quell fears of those who are nervous about the strength of property rights in the country or the scale of corruption.

It is to help with the modernization of the country's infrastructure that the president is particularly anxious to secure foreign investment. Perhaps the ten spies would have been more productive for the country had they been acting as investment advisors.

Trying to control the leak .........


live feeds from the Gulf

Live feeds from Skandi ROV2

Subsea operational update:

Using the Discoverer Inspiration, activities to move the capping stack into position are ongoing

For the first 12 hours on July 12 (midnight to noon), approximately 4,055 barrels of oil and 9.5 million cubic feet
of natural gas were flared on the Q4000.

The Helix Producer started operations at 11.35am CDT today

The next update will be provided at 9:00am CDT on July 13, 2010.