BP - BP PLC (NYSE) - Page 7

I wish I had the inside scoop on liability here, but if the dome failed this past weekend, I expect all liable parties to get hit monday. BP, RIG, etc.

if u read the articles u can get a sense on whos responsible.

Fact is ... REGARDLESS its BPs well and property.. the RIG is all that was in question.


The blowout preventer didnt work, so who gets the blame for that?
Which they will say was the leading cause..

i'll still buy when it tanks come tomorrow.

I have read many articles, but they only cloud the liability picture. I don't know a damn thing about oil platforms, but the blame game is evident. BP obviously profits from the oil, but it hires companies like RIG to provide the manpower and infrastructure to get the oil.

It's a very murky situation like the water in the Gulf and I just wish I had an idea of the re-insurers for BP and RIG. Those are real companies to buy leap puts, but who am I kidding, I have been buying puts on BP and RIG for the past week.

.sigh.

BP gets an upgrade to Outperform.

Anyone gonna push this thing down a flight of stairs yet??

the bill hasent even been established yet.
@ 48 they lost 25 billions in market cap...

The costs will be beyong that i think.

I realize that the media is downplaying the actual size of the spill, but don't be fooled. The actual scientists are calling it 5,000 to 45,000 bbl spewing per day. With the media and the government and BP owning up to the lowest estimate of 200,000 gallons per day, you can bet your ass it's gonna turn out to be a lot more than that. And then, "oh what an unexpected and unprecedented disaster!" and "BP had knowledge of the actual magnitude of the spill but did not disclose to the government in a timely manner so that something could be done" LoL what a crock nothing can even be done.

The surface slick was a result of the first 3 to 4 days of unchecked leakage, before the nation's entire supply of dispersant was used up this weekend causing the oil to settle deeper in the water column rather than float as most of it would naturally. It has been three weeks of concealed accumulation shoved under the rug so far... but watch as the slick grows immensely in size now that there is no way to prevent its rise to the surface layer.

There are not enough oil booms in the world to protect a fraction of the entire coastline which is in danger of at least a decade or two in ruins.

If the dispersant is toxic and I get sick from surfing in it unawares I will not have to work so hard to be a multi-millionaire I can assure you. Or if I can not surf because the water isn't safe my emotional distress will be even worse than any physical ailments. Multiply my attitude X 25 million residents who live along the coasts. Add the fishermen. Add the wildlife damage. Add the states that go bankrupt without the tourism dollars. Add plain KARMA.

BP and its affiliates are going to have to sell the store to come close to repairing an estimated 1 Trillion dollar disaster.

Do you really think you'll get money because you can't surf ? Yes, there will be many lawsuit which will get grouped together as a class action. Then the class action will drag out in court for several years. The attorney's will make a lot of money and the small guy will get a few pennies.

omfg, this stoc is just BS.
it should be in the 45 range by now.. argh.

It's too spooky for me. With all the talk of cheating on pressure tests coming out, that is bad news. If it goes like most cheating tests it removes any liability caps that may apply on this spill. That could easily void the 25million cap on damages.

Falsifying pressure tests! Yikes.

Good luck with that

ya well i dumped for a loss, im not going to watch it screw with me.

You dont know the final results of anything man, which all we can say are not good.
Lies, Fraud, Faulty Equipment? I think thats a voilaiton of insurance polices and pay outs.

Let alone the lawsuits dude, from the dispursant which they wont release whats in it.. to the oil, to the enviroment, and people losing their income, lives and jobs?

3 states effected.. this inst some small thing.

there IS a cover up and play down of the numbers and damage going on here..

Exxon was CarlosThe Exxon Valdez spill released 10.9 million,
1,100 miles of non-continuous Alaskan coastline - http://www.eoearth.org/article/exxon_valdez_oil_spill
Shoreline cleanup began in April of 1989 and continued until September of 1989 for the first year of the response. The response effort continued in 1990 and 1991 with cleanup in the summer months, and limited shoreline monitoring in the winter months. Fate and effects monitoring by state and Federal agencies are ongoing.

What BP assumes, they clean it once and they are done? JUST 450M ya for 5 years.

uh huh.. TA tells the tale.. GL however..

wait until they are downgraded and the smoke clears..or when the spot price of oil falls one day.. ppl will be shaken out of this hard.

Edit- CNN had a professor on about flows, and he watched the vid for 30 mins of the broken well, he said that its far beyond 5000 more like 70,000 per day.

The big shorts haven't even started yet. This thing will be 25% maxxed out in two weeks or less, and then the naked shorting begins.. but good luck to all! I hate to see anyone lose their money, besides BP and the rest of their entourage that is.

If anyone thinks BP is done, you're high. I have no position, but this will not destroy the company. It's just a large blip, which they'll recover. Look at their balance sheet.

This is just one year.

Sales 272.47 Bil
Income 20.09 Bil
Net Profit Margin 7.47%
Return on Equity 20.66%
Debt/Equity Ratio 0.31

Revenue/Share 86.22
Earnings/Share 6.36
Book Value/Share 33.24
Dividend Rate 3.36
Payout Ratio 52.00%