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.

mitzy, the EPIC for BP requires a full-stop

Still, 3.50 - is some way off, with Oil much in demand.......I think US Newspapers/media like to bash BP. ('cos they can!) and it justifies column-inches of scribbled-speculation, for which they get helicopter rides and expenses.

The real news is that there IS oil close to the US-mainland and BP is close to resolving a difficult unforseen failure (blame still not founded) - there are buyers of BP stock and if it falls any further, that may include me.

Next winter when US folks get chilly, maybe there will be a switching-on of Oil central heating.

Lots of bashers around today hangon I'm looking to buy sub 400p or thereabouts.

The real news is that there IS oil close to the US-mainland .... no shit sherlock!!!

cynic and the bad news is it is beginning to cover their beaches.

i'm sure so ..... it really is very tragic and it will take years and years and years fro the ecological system to recover if at all .... and i'm not really convinced that anyone was truly to blame

cynic surely all involved should take part in a thorough enquiry from which serious enforceable lessons can be learned.

yes of course, but that is not the same as saying it was all someone's foreseeable or realistically avoidable fault

Geet back from the golf cynic.

who told you that was where i was?
just been playing west course at wentworth .... i'ld forgotten how tough that was, and much more so since it's facelift

In the papers top-kill failed could be 3 months before success its a pr disaster for bp.

perhaps BP think this blow-out will cure itself.

currently down 7%.

BP . currently down 12%.

and still more downside methinks ..... have taken a modest short, but should have acted quicker instead of just thought

Sub 400p sometime in the future then buy @350p for the lt.

Share price leaking badly...200p before August very likely if their last ditch attempt fails.


More than 6 billion was wiped from the market value of BP last night after the oil giants latest failure to control its oil spill in the Gulf of Mexico provoked mounting anger in the US.

With markets in London closed, BPs German-listed shares plunged almost 8 per cent to 5.39 (4.56) after the US Government warned that the leak from the blown-out Macondo well may not be stopped until a relief well can be drilled in August.

The share price collapse was equivalent to a slide in BPs UK-listed market value of 6.5 billion, from 93 billion on Friday to 86.5 billion.

The companys market value has already fallen by a third since the deadly blast on the Deepwater Horizon rig on April 20, which left 11 workers dead and unleashed an as-yet unchecked torrent of crude oil into the Gulf.

Tony Hayward, BPs chief executive, was facing a groundswell of popular anger after making a new gaffe in which he told a US radio station: Theres nobody who wants this over more than I do. I want my life back, he said.

However, with 19,000 barrels of crude a day still surging into the Gulf and little chance of stanching the flow until a relief well can be drilled the palpable sense of anger at BP became clear yesterday when Carol Browner, a White House adviser, told NBC that the spill was probably the biggest environmental disaster we have ever faced in this country.

Ed Markey, a US Democratic representative said: I think without question if the word criminal should be used in terms of an environmental crime against our country, then whats going on in the Gulf of Mexico is going to qualify.

There were growing questions yesterday over Mr Haywards ability to survive the disaster. Its getting harder to see how he can really escape from all this, said one oil industry executive. He may struggle on until they finally plug it but the US Government is going to demand someones head on a plate and he is the most likely candidate.

The way it is going it will be nationalised by the US.

This is a job for Thunderbirds......come in Scott..Virgil.....f..a..b....but...M..M...Mmmrr misterrr TTTracy.....(sorry could not resist it !)

International Rescue..

Parker...please bring the rolls......yes millady..euhh with or without butter ?...