coolhandjoe Posted July 16, 2010 Share Posted July 16, 2010 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! Link to comment Share on other sites More sharing options...
beejoir Posted July 16, 2010 Share Posted July 16, 2010 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. Link to comment Share on other sites More sharing options...
Kadafi Posted July 16, 2010 Share Posted July 16, 2010 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... Link to comment Share on other sites More sharing options...
hansum Posted July 16, 2010 Share Posted July 16, 2010 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???? Link to comment Share on other sites More sharing options...
coolhandjoe Posted July 16, 2010 Author Share Posted July 16, 2010 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! Link to comment Share on other sites More sharing options...
thrilled Posted July 16, 2010 Share Posted July 16, 2010 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. Link to comment Share on other sites More sharing options...
IMA_FARANG Posted July 16, 2010 Share Posted July 16, 2010 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. Link to comment Share on other sites More sharing options...
Rinrada Posted July 16, 2010 Share Posted July 16, 2010 Buy Link to comment Share on other sites More sharing options...
Naam Posted July 17, 2010 Share Posted July 17, 2010 I've heard they are going to rocket shortly! Link to comment Share on other sites More sharing options...
CDNinKS Posted July 17, 2010 Share Posted July 17, 2010 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. Link to comment Share on other sites More sharing options...
flying Posted July 17, 2010 Share Posted July 17, 2010 Buy/Contribute...The folks in the gulf need your help Link to comment Share on other sites More sharing options...
MB1 Posted July 17, 2010 Share Posted July 17, 2010 (edited) 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 Link to comment Share on other sites More sharing options...
bartender100 Posted July 17, 2010 Share Posted July 17, 2010 They should get loads more pelicans and release them, they really suck up the oil Link to comment Share on other sites More sharing options...
Monkeypants Posted July 17, 2010 Share Posted July 17, 2010 They should get loads more pelicans and release them, they really suck up the oil :cheesy: :cheesy: brilliant made me laff Link to comment Share on other sites More sharing options...
ruskiehat Posted July 17, 2010 Share Posted July 17, 2010 (edited) <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 1 Link to comment Share on other sites More sharing options...
InterestedObserver Posted July 17, 2010 Share Posted July 17, 2010 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. Link to comment Share on other sites More sharing options...
chiang mai Posted July 17, 2010 Share Posted July 17, 2010 There's a substantial upside to BP shares but the bottom has long passed, IMO. Link to comment Share on other sites More sharing options...
djayz Posted July 17, 2010 Share Posted July 17, 2010 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. Link to comment Share on other sites More sharing options...
flying Posted July 17, 2010 Share Posted July 17, 2010 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 Link to comment Share on other sites More sharing options...
midas Posted July 17, 2010 Share Posted July 17, 2010 (edited) 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 Link to comment Share on other sites More sharing options...
sleepyjohn Posted July 17, 2010 Share Posted July 17, 2010 (edited) 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 Link to comment Share on other sites More sharing options...
consciousrobot Posted July 17, 2010 Share Posted July 17, 2010 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.) Link to comment Share on other sites More sharing options...
Rinrada Posted July 17, 2010 Share Posted July 17, 2010 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... Link to comment Share on other sites More sharing options...
ruskiehat Posted July 17, 2010 Share Posted July 17, 2010 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 Link to comment Share on other sites More sharing options...
khundon Posted July 17, 2010 Share Posted July 17, 2010 (edited) 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 Link to comment Share on other sites More sharing options...
midas Posted July 18, 2010 Share Posted July 18, 2010 (edited) 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 Link to comment Share on other sites More sharing options...
InterestedObserver Posted July 18, 2010 Share Posted July 18, 2010 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. Link to comment Share on other sites More sharing options...
midas Posted July 18, 2010 Share Posted July 18, 2010 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 " ?? Link to comment Share on other sites More sharing options...
el jefe Posted July 18, 2010 Share Posted July 18, 2010 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. Link to comment Share on other sites More sharing options...
flying Posted July 18, 2010 Share Posted July 18, 2010 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. Link to comment Share on other sites More sharing options...
.png.3b3332cc2256ad0edbc2fe9404feeef0.png)
.thumb.jpg.bc523c85a8d558dbc282dca7a2e602c9.jpg)
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now