Buying Bp Shares Right Now!

[coolhandjoe]

Any advice and input on buying British Petrolium shares now while they are half their original value of three months ago is appreciated.

I've heard they are going to rocket shortly!

[beejoir]

Stay well away from them, you should have got in at 300p, doubt they've got much rise left in them and the Div draw backs. Wait till they drop again... they will.

[Kadafi]

Dont you care about the disaster that BP have caused? so much sea life that has been effected!! makes me sick people who invest in there shares to make a quick buck...

[hansum]

Dont you care about the disaster that BP have caused? so much sea life that has been effected!! makes me sick people who invest in there shares to make a quick buck...

Barack is that you????

[coolhandjoe]

Dont you care about the disaster that BP have caused? so much sea life that has been effected!! makes me sick people who invest in there shares to make a quick buck...

I think it is a terrible disaster of monumental preportions!

As for making money...thats what makes the world go round!

[thrilled]

Should have bought it at A couple of weeks ago when it was around 30,now it's what around 38,or 39,you could have made yourself some money.

The key is do the opposite what everyone else is doing.

[IMA_FARANG]

Possibly the shares will rebound but BP faces potentially BILLIONS of pounds in liability claims for the oil spill compensation issues...no one really knows exactly how much. BP does have a good amount of cash to cover the liabilites, but still no one knows exactly what the final bill will be right now. It's a big question of what BP share rates would do if BP had to announce canceling a dividend or lowering a dividend due to costs from the oil spill. So like always...you pays your money and you takes your chances.

[Rinrada]

Buy

[Naam]

I've heard they are going to rocket shortly!

[CDNinKS]

I bought at $27.27 2 weeks ago, 37.10 close today, so for me they have rocketed

Of course they could be $2.00 next week as well.........you pays your money, you takes your chances.

[flying]

Buy/Contribute...The folks in the gulf need your help

[MB1]

Dont you care about the disaster that BP have caused? so much sea life that has been effected!! makes me sick people who invest in there shares to make a quick buck...

That's the way of the world, people cash in on other people misfortunes, "money makes the world go round"....

Tell you what, if I'd have had a spare million UK pounds when the shares went to around the £3 mark, I'd have happily invested, that make me a bad person or what.?.

Like some one said, or did they,?.... You pays your money you takes your chance..

Edited July 17, 2010 by MB1

[bartender100]

They should get loads more pelicans and release them, they really suck up the oil

[Monkeypants]

They should get loads more pelicans and release them, they really suck up the oil

:cheesy: :cheesy: brilliant made me laff

[ruskiehat]

<br>Dont you care about the disaster that BP have caused? so much sea life that has been effected!! makes me sick people who invest in there shares to make a quick buck...  <img src="http://static.thaivisa.com/forum/public/style_emoticons/default/mad.gif" class="bbc_emoticon" alt=""><br>

<br><br>

Oh and how exactly did you fly to Thailand in a Hot air balloon?

BP are merely producing a service which you readily are willing to accept and buy, just like factory farming.<br><br>I have BP shares and think they are a good buy even at £4 a share<br>

Edited July 17, 2010 by ruskiehat

[InterestedObserver]

Buy

Not until the relief wells are completed and the oil permanently stops flowing. BP is caught between a rock and a hard place, if the oil flow cannot be curtailed BP could end up bankrupt.

[chiang mai]

There's a substantial upside to BP shares but the bottom has long passed, IMO.

[djayz]

Dont you care about the disaster that BP have caused? so much sea life that has been effected!! makes me sick people who invest in there shares to make a quick buck...

Just out of curiosity but how do you make your bucks? :jap: No offence, but everybody's looking for a good deal - nothing wrong with that.

[flying]

They should get loads more pelicans and release them, they really suck up the oil

Why pick on the poor birds?

Politicians & bankers towed behind speed boats may do better a better job & suffer less too.

Due to the fact they are already so slimy

[midas]

Dont you care about the disaster that BP have caused? so much sea life that has been effected!! makes me sick people who invest in there shares to make a quick buck...

Just out of curiosity but how do you make your bucks? :jap: No offence, but everybody's looking for a good deal - nothing wrong with that.

Dont forget this is the second disaster after only 5 years for the same kind

of reasons " internal mistakes "

"

Wednesday 18 May 2005

BP fired some staff and disciplined others yesterday after admitting that "deeply disturbing" internal mistakes led to the Texas City refinery explosion which killed 15 people and injured 170. "

http://www.guardian.co.uk/business/2005/may/18/usnews.oilandpetrol

When I listenened to some of the US Congressmen grilling Tony Hayward I thought it seemed

pretty clear there is a good chance BP will be prosecuted for criminal damage

( and prosecutors will have the evidence from BP's attitude to safety from the

2005 disaster ) in which case as this article says " Costs to BP Could Soar "

" On Wednesday, Pavel Molchanov, an analyst at Raymond James, estimated the total legal cost, including criminal fines, at $62.9 billion, which would dwarf the $20 billion escrow account to be used to pay claims of economic loss."

http://www.nytimes.com/2010/06/17/us/17liability.html?_r=1&partner=rss&emc=rss/

Edited July 17, 2010 by midas

[sleepyjohn]

For a company that;s been called incompetent they look pretty damned competent to me. There got 3 huge waterstreams in place within hours of the fire starting and it's amazing to me what they are doing under the sea there.

Edited July 17, 2010 by sleepyjohn

[consciousrobot]

This was the contrarian play of a lifetime.

Never have I seen such hype and furore. Anderson Cooper was simply obsessed. They even had an item on "The affect of the oil spill on dogs and cats"

The US has some nerve complaining after cultivating a large car large house mentality which has raised oil prices not just for them but for the impoverished side of the world too. I didn't see any of those ridiculous congressmen who took such delight pandering to their constituents demanding engine-size-related taxation on cars or swingeing gas taxes.

I couldn't help but notice that once we were down in the lower $30s every time the price went down at the period of worst panic some big cool hands were buying in and in and in.

(long BP averaged before the low @ $31.72.)

[Rinrada]

Buy

Not until the relief wells are completed and the oil permanently stops flowing. BP is caught between a rock and a hard place, if the oil flow cannot be curtailed BP could end up bankrupt.

Got my last "divi"in March from BP in March @ £6.138p a share and although share price has sunk its still a good company to invest in although the Board will have to go back and re examine their "ethics"for future operations.

Yankee Gov has been blaming them for everything but where the inquest is over I would suggest that the guys who actually own the rig/blowout preventer will be brought to account...and yes they are US outfits.

Maybe Obama should put a sock in it ...for the time being at least.....wots the word...PARA-NOIA...... ......budgies and ducks...

[ruskiehat]

Buy

Not until the relief wells are completed and the oil permanently stops flowing. BP is caught between a rock and a hard place, if the oil flow cannot be curtailed BP could end up bankrupt.

Oh man you should get on stage

[khundon]

The deaths on the rig were tragic and the oil is causing severe hardship on the coast, but BP will pay as they have plenty of cash reserves.

Buy the shares when they drop a little, you should make money.

The US has gone overboard on this, but they they do on anything they can have a go at that is not American.

Google Bhopal, Union Carbide and see just what the yanks got away with in India, over 16,000 deaths and fines were minute.

Bloody double standards!

Edited July 17, 2010 by khundon

[midas]

The deaths on the rig were tragic and the oil is causing severe hardship on the coast, but BP will pay as they have plenty of cash reserves.

BP has around $7 billion cash reserves in hand - that is not " plenty "[/b] .

Buy the shares when they drop a little, you should make money.

The US has gone overboard on this, but they they do on anything they can have a go at that is not American.

Google Bhopal, Union Carbide and see just what the yanks got away with in India, over 16,000 deaths and fines were minute.

Bloody double standards!

" Buy the shares when they drop a little, you should make money."

The OP should be very careful about this advice !

Remember the 'Texaco scenario' after the case in 1987 where that oil company lost a $1 billion lawsuit and had to file Chapter 11 after being unable to raise the cash.And comparing the legal system and in USA to India is a bit unfair.

Its not a question of whether " US has gone overboard on this " - its about

who can prove in a US courtroom they have a legitimate claim against BP.

To answer the OP's original question I dont think anyone can know for certain

the upside potential of the shareprice until it has been decided what is the full extent of

all their liabilities including consequential loss of all the business people in the gulf area

which will be much easier to prove if BP is found guilty of potential criminal charges.

And bear in mind the courts will be reading this when they decide if they violated safety regulations :-

BP has the worst safety and environmental record of any oil company operating in America.

read the list

http://mrzine.monthlyreview.org/2010/slocum060510.html

Edited July 18, 2010 by midas

[InterestedObserver]

For a company that;s been called incompetent they look pretty damned competent to me. There got 3 huge waterstreams in place within hours of the fire starting and it's amazing to me what they are doing under the sea there.

Those 3 huge water streams eventually flooded and sank the Deepwater Horizon, thus snapping off the riser pipe causing the free flow of oil into the environment.

[midas]

For a company that;s been called incompetent they look pretty damned competent to me. There got 3 huge waterstreams in place within hours of the fire starting and it's amazing to me what they are doing under the sea there.

Those 3 huge water streams eventually flooded and sank the Deepwater Horizon, thus snapping off the riser pipe causing the free flow of oil into the environment.

makes me wonder if some of the posters here are indulging in a bit of

" pump and dump " ??

[el jefe]

Got my last "divi"in March from BP in March @ £6.138p a share and although share price has sunk its still a good company to invest in although the Board will have to go back and re examine their "ethics"for future operations.

Yankee Gov has been blaming them for everything but where the inquest is over I would suggest that the guys who actually own the rig/blowout preventer will be brought to account...and yes they are US outfits.

Maybe Obama should put a sock in it ...for the time being at least.....wots the word...PARA-NOIA...... ......budgies and ducks...

When do you think the next dividend will be?

And who do you think owns the rig? it's Transocean and they are NOT a US registered company.

Investors who bought last week have a 12% profit now. I would be a seller now that the price has gone up. BP is not a takeover candidate, certainly not with an unknown liability, and certainly not by XOM.

Like Midas said above, read up on the Texaco situation before investing in BP and thinking it's a bargain.

[flying]

I saw this on the web.....

While I do not agree with the nuke idea the rest was interesting

Matt Simmons on the Oil Markets and the Gulf Oil Spill

* BP has been lying and covering up the incident in the Gulf of Mexico from day one, because of the risk of criminal prosecution for gross negligence

* People who live in the Gulf states are still in danger because of lethal methane gas. A hurricane may bring up a poisonous lake of toxic oil from the bottom of the Gulf. He believes that we might be facing one of the largest losses of life from a natural non-war related disaster.

* The practical solution is a small diameter nuclear device to glass over the well bore. The nuclear device offers no risk.

* The skimmers are only wiping up the scum but are not addressing the real problem.

* BP will have to be liquidated to cover all the claims. Apache might buy the North Slope of Alaska which is a good development because BP is irresponsible. BP's stock will effectively become worthless.

* BP continues to perjure itself and manipulate the press. They are distracting attention from the real problem which is a much bigger leak that cannot be controlled by this cap.