Not A Good Time To Buy BP Shares

[RummyBoy]

http://www.bloomberg.com/apps/news?p...4e_Mc_ts&pos=4

May not be a great time to buy BP shares as traders are betting on a 63% decline from the current share price of $34.

[Marcus Aurelius]

anyone who invested heavily into BP is an idiot.

that company is going to be dismantled. you gonna lose all your moneys.

[CunningStunt]

I have been putting off buying, I reckon it will go much lower.

What happens Marcus (if that is your real name) if they dismantle it? They can't do that without buying out shareholders - unless you mean they deliberately fold the thing. Rather unlikely being the 4th biggest corp in the world, if my memory serves me correctly.

[crazytrini85]

Not going to happen. They will bounce back and smell like flowers by the time this is all over.

[Michael O]

Originally Posted by crazytrini85

Not going to happen. They will bounce back and smell like flowers by the time this is all over.

Buy when it hits $19 for a long term investment.

[woj]

it's going back to $50+ by the end of the year

Originally Posted by crazytrini85

Not going to happen. They will bounce back and smell like flowers by the time this is all over.

thats what i think! i think the shares will drop a little more, will be a great punt if they do!

[SuzzyQ]

Originally Posted by Michael O

Buy when it hits $19 for a long term investment.

I had the same thought. And BP pays dividends. Could be a good long term stock.

[Amputate Your Head]

It is possible that BP will not survive this. Frankly, I hope they don't.

[dyna mo]

Originally Posted by Amputate Your Head

It is possible that BP will not survive this. Frankly, I hope they don't.

i would be nice if they survive long enough to pay for it eh.

[Amputate Your Head]

Originally Posted by dyna mo

i would be nice if they survive long enough to pay for it eh.

Nah, to Hell with that. I say the US Gov should forcibly take them over, now, seize their assets, and use every dime of it for cleaning that shit up. Don't see why they couldn't use the Patriot Act to do it.

[~Ray]

Originally Posted by Amputate Your Head

Nah, to Hell with that. I say the US Gov should forcibly take them over, now, seize their assets, and use every dime of it for cleaning that shit up. Don't see why they couldn't use the Patriot Act to do it.

because America buys 90% of that oil and we would look like hypocrites...... plus, we do not know the cost of cleanup yet. Maybe BP will pay it.

[Amputate Your Head]

Originally Posted by ~Ray

because America buys 90% of that oil and we would look like hypocrites......

Since when has anyone given a damn about that? We took over Iraq based on nothing more than a lie. We took over Afghanistan based on... looking for one dude?

Originally Posted by ~Ray

plus, we do not know the cost of cleanup yet. Maybe BP will pay it.

There is no way BP is going to fork for the bill on this voluntarily. It will be hundreds of billions, if not trillions.

[dyna mo]

Originally Posted by Amputate Your Head

Nah, to Hell with that. I say the US Gov should forcibly take them over, now, seize their assets, and use every dime of it for cleaning that shit up. Don't see why they couldn't use the Patriot Act to do it.

bad idea.

how would they seize a foreign business? also, there's much more at stake than the coastline. bp employs thousands of americans, 10s of thousands of people worldwide and many many people have retirement money invested in them. to seize their assets to pay for a clean up is shortsighted and would result in even more problems, including an international backlash.

[Amputate Your Head]

Originally Posted by dyna mo

bad idea.

how would they seize a foreign business? also, there's much more at stake than the coastline. bp employs thousands of americans, 10s of thousands of people worldwide and many many people have retirement money invested in them. to seize their assets to pay for a clean up is shortsided and would result in even more problems, including an international backlash.

It's a multi-national corporation. It acts like a country. They are "attacking" us with oil. Send in the troops and seize control. Simple.

[roly]

Originally Posted by dyna mo

bad idea.

how would they seize a foreign business? also, there's much more at stake than the coastline. bp employs thousands of americans, 10s of thousands of people worldwide and many many people have retirement money invested in them. to seize their assets to pay for a clean up is shortsighted and would result in even more problems, including an international backlash.

exactly, if that happened can you imagine how many international companies (US based as well) would move there operations outside the US.

[dyna mo]

Originally Posted by Amputate Your Head

It's a multi-national corporation. It acts like a country. They are "attacking" us with oil. Send in the troops and seize control. Simple.

amp. come on.

[Amputate Your Head]

Originally Posted by roly

exactly, if that happened can you imagine how many international companies (US based as well) would move there operations outside the US.

Probaby none. Unless they're planning to inflict a cancer upon us of BP's magnitude. And it would be a big wake up call to the rest of the big oil companies... Run a tight ship, or you'll be invaded and seized.

[Amputate Your Head]

Originally Posted by dyna mo

amp. come on.

If Iran sent an elite team into our space, drilled a hole in the ocean and started polluting the Gulf.... what do you think would happen to Iran.

[roly]

Originally Posted by Amputate Your Head

If Iran sent an elite team into our space, drilled a hole in the ocean and started polluting the Gulf.... what do you think would happen to Iran.

but this was an accident.

[Amputate Your Head]

Originally Posted by roly

but this was an accident.

It was anything but an accident. It was criminal negligence at best, and that's already completely obvious. They had no clean up plan, they copy & pasted their documents from the arctic, they spent $0 on developing a plan, their emergency contact guy has been dead for 5 years, they said there was a 0% chance of this happening, and they've lied about every single thing they've said so far.

That's an accident?

[dyna mo]

Originally Posted by Amputate Your Head

If Iran sent an elite team into our space, drilled a hole in the ocean and started polluting the Gulf.... what do you think would happen to Iran.

i don't know how to reply properly to this question but i do know that the u.s. can't simply assume the assets of a foreign corp because of a fuck up.

that's what this is, one massive fuck up. also, we will survive this. mother earth will survive this. this will be a blip on the radar of history.

[Amputate Your Head]

Originally Posted by dyna mo

i don't know how to reply properly to this question but i do know that the u.s. can't simply assume the assets of a foreign corp because of a fuck up.

that's what this is, one massive fuck up. also, we will survive this. mother earth will survive this. this will be a blip on the radar of history.

The US Gov can do anything it wants to do. And has, many times.

[dyna mo]

Originally Posted by Amputate Your Head

The US Gov can do anything it wants to do. And has, many times.

well, i guess the gov could if it wanted to, but i don't see this happening, nor do i want it to happen.

cooler heads prevail- there's much more at stake than the coastline of a few states.

[Fiddler]

To be honest, I think BP will survive this. They fucked up big time and should be held responsible but at the same time accidents happen.

Just gotta learn from them and move forwards as best as possible.

Personally think if the US government tried to step in/on BP they'd be making a big mistake. BP is a huge worldwide company and messing about with the way it's run or taking control would most likely fuck up jobs etc.

Back to what this topic is truly about, yer wait out a bit longer for shares. I plan to grab some soon and wait in hope that it picks up over the next couple of years.

[Amputate Your Head]

Originally Posted by dyna mo

well, i guess the gov could if it wanted to, but i don't see this happening, nor do i want it to happen.

cooler heads prevail- there's much more at stake than the coastline of a few states.

You're right. A good chunk of food supply is at stake. And not only is it being killed off, but we have no information whatsoever about what's in that dispersant they're pumping into the water. How will future generations of humans be affected by this? Will our children be born dead? Or mutants?

Yes, there is much more at stake than a few coastlines. And also much more than 1 completely inept company powered 100% by greed.

[dyna mo]

Originally Posted by Amputate Your Head

You're right. A good chunk of food supply is at stake. And not only is it being killed off, but we have no information whatsoever about what's in that dispersant they're pumping into the water. How will future generations of humans be affected by this? Will our children be born dead? Or mutants?

Yes, there is much more at stake than a few coastlines. And also much more than 1 completely inept company powered 100% by greed.

a good chunk of the food supply? how do you conclude that?

well, who knows how cancer develops,etc but you should look into how much oil was spilled during WW2. earth survived just fine.

[Amputate Your Head]

Originally Posted by dyna mo

a good chunk of the food supply? how do you conclude that?

well, who knows how cancer develops,etc but you should look into how much oil was spilled during WW2. earth survived just fine.

Did they pump all that dispersant into those spills?

[Hawkeye]

From a business standpoint, the oil spill isn't a big deal. BP has plenty of money to cap the well, clean up the oil, and pay off the people affected. The stock price already reflects this.

However, in Obama's America, any company is now fair game for a government takeover. There's too much uncertainty over what the control freaks in Washington are going to do. They might just destroy the company for revenge.

So don't invest in BP unless you're willing to lose all of that money.

[Amputate Your Head]

How the hell is it even being allowed to dump all that dispersant into the Gulf without full disclosure of what's in it? Proprietary info and patents are being upheld over hundreds of thousands, possibly millions of gallons of this stuff by the time this is over.

Everyone always bitches & whines about the Gov not taking action... well the first action here should be busting those patents.

[dyna mo]

Originally Posted by Amputate Your Head

Did they pump all that dispersant into those spills?

no............however, the u.s. coast guard is the entity that pumped those dispersants, not bp.

[Amputate Your Head]

Originally Posted by dyna mo

no............however, the u.s. coast guard is the entity that pumped those dispersants, not bp.

I don't follow. BP is pumping dispersant as we speak.

[dyna mo]

Originally Posted by Amputate Your Head

How the hell is it even being allowed to dump all that dispersant into the Gulf without full disclosure of what's in it? Proprietary info and patents are being upheld over hundreds of thousands, possibly millions of gallons of this stuff by the time this is over.

Everyone always bitches & whines about the Gov not taking action... well the first action here should be busting those patents.

it's my understanding the dispersants are no longer being dispersed, is that not the case?

[dyna mo]

Originally Posted by Amputate Your Head

I don't follow. BP is pumping dispersant as we speak.

according to some news i read/saw recently, they are not.

[Amputate Your Head]

Originally Posted by dyna mo

according to some news i read/saw recently, they are not.

I haven't turned the news on yet this morning... did something change yesterday? I was out catering a party all day yesterday. What's going on with their live cam? All I see is a wide shot of the ocean with dead shrimp floating by....

[dyna mo]

Originally Posted by Amputate Your Head

I haven't turned the news on yet this morning... did something change yesterday? I was out catering a party all day yesterday. What's going on with their live cam? All I see is a wide shot of the ocean with dead shrimp floating by....

i believe it was the discovery channel special i saw this on, friday i believe, they stated the dispersant pump at the drill point was not active. it may have just been temp.

either way, i am not disagreeing with you about the dispersants, but there's debate at all levels re: whether or not those dispersants are helping or hurting.

[justinsain]

Even though this is a much bigger problem than EXON had with it's oil spill, couldn't you look at EXON's history and how it has rebounded from it's catastophe and apply that to BP when considering buying it's stock. Seems very possible BP will recover in the long term making a stock purchase at the lowest point a wise, long term investment.

[Amputate Your Head]

Originally Posted by justinsain

Even though this is a much bigger problem than EXON had with it's oil spill, couldn't you look at EXON's history and how it has rebounded from it's catastophe and apply that to BP when considering buying it's stock. Seems very possible BP will recover in the long term making a stock purchase at the lowest point a wise, long term investment.

That makes sense on the surface, but this isn't a spill, and it dwarfed Exxon's spill a long time ago. I still have this feeling that, the time is right, the atmosphere is right, the evidence is overwhelming.... I believe the US Gov will ultimately be making a very big example of BP. Maybe not today.... but this has too much attention for people to just forget about it. Drastic changes to oil regulation are inevitable.

[dyna mo]

Originally Posted by Amputate Your Head

Drastic changes to oil regulation are inevitable.

that's actually something i am planning on looking into today. i was wondering if any legislation has been introduced to require the $500k valve and also why the fuck the BOP failed.

was it a result of hydraulics not working at that depth or what and will there be a requirement for oil co's to research the physics of deep water drilling. fuck they are working on tapping reserves at 10,000 feet, i wonder if BOP tech would work at that level.

[RummyBoy]

Two other things to consider........ the oil price is relatively low right now and if the dollar falls, then oil price (in dollars) rises so it could be a good inflation play if you consider that its a global commodity, which will benefit from the awful US fiscal position and adjust upwards.

Am I right or am i talking shit?

[PornMD]

Originally Posted by RummyBoy

http://www.bloomberg.com/apps/news?p...4e_Mc_ts&pos=4

May not be a great time to buy BP shares as traders are betting on a 63% decline from the current share price of $34.

Ya think?

[RummyBoy]

There's a lot of talk of bankrupcy....... anyone got some analysis link on that?

The political pressure is high but i guess BP is worth a lot more alive than dead.

[SomeCreep]

Currently, there is no way to "invest" in BP, unless maybe you're considering buying their debt a.k.a. bond offering @ a 10% yield. But anyone who does that better be a professional fixed income investor. Buying their stock is pure gambling, no matter how others may disguise it. If I was going to gamble, I'd rather do it in Vegas.

[ASW]

Originally Posted by Amputate Your Head

It is possible that BP will not survive this. Frankly, I hope they don't.

why dont you want BP to make it?????????

[Horny Joe]

BP might have to sell a lot of rigs... That will make the stock rise slower... But it will rise, so "long term" is the keywords

[$5 submissions]

How likely is it that it will be bought out?