Breaking: No More BP Dividends This Year - GoFuckYourself.com

Amputate Your Head · 06-16-2010, 11:53 AM

It's so fresh there isn't even a link I can post yet, but it's on the front page of CNN.
"Chairman Carl-Henric Svanberg the board of BP has decided not to pay any further dividends this year. "

So all those who thought they were gonna cash in on BP's tanking stock this year.... sorry.

$5 submissions · 06-16-2010, 11:55 AM

Massive blow to UK pensioners

atom · 06-16-2010, 11:57 AM

Quote:

Originally Posted by $5 submissions

Massive blow to UK pensioners

Absolutely HUGE!

Black Ops · 06-16-2010, 12:58 PM

Huge short term blow and massive loss. Long term this will be a gold mine.

Amputate Your Head · 06-16-2010, 01:00 PM

Okay, here's the LINK that goes with it now.

BigDeanEvans · 06-16-2010, 01:01 PM

Quote:

Originally Posted by Amputate Your Head

It's so fresh there isn't even a link I can post yet, but it's on the front page of CNN.
"Chairman Carl-Henric Svanberg the board of BP has decided not to pay any further dividends this year. "

So all those who thought they were gonna cash in on BP's tanking stock this year.... sorry.

Yeah, who was the fool that was preaching to buy BP? Tons of other companies out there to buy besides that sinking ship. Better off going to the casino

woj · 06-16-2010, 01:08 PM

$31.85 +0.45 (1.43%)

up nearly 10% since the 52 week low of 29 few days ago, I wouldn't exactly call that a sinking ship just yet... it's going back to 50 by year end...

one thing all you guys are missing is that the more pressure is put on BP, the higher the price of oil will go, and so the higher the BPs profit will be...

crazytrini85 · 06-16-2010, 01:10 PM

Quote:

Originally Posted by BigDeanEvans

Yeah, who was the fool that was preaching to buy BP? Tons of other companies out there to buy besides that sinking ship. Better off going to the casino

That is short term thinking.

If you think BP is going to really lose over this deal you are nuts. This will be a hard year until they get their claims paid and then its back to making BILLIONS per quarter.

Long term this will be an excellent investment.

DimeCash · 06-16-2010, 01:12 PM

If you can - watch BBC news - they are so bias in favour of BP - a couple of analyst that I saw where jumping on Obama and the US for being blood thirsty for $$ and how they should back off BP.

Another one was saying how the BP stuff will effect her own pension profits.. short sided bitch - she should be a fisher in the golf

Houdini · 06-16-2010, 01:30 PM

Cutting the dividend gives them an additional $10 billion a year. At $30 a share, who cares about the dividend? This stock will be $60+ in a year. 100% return vs. 10% dividend?

06-16-2010, 11:53 AM	#1
Amputate Your Head There can be only one Industry Role: Join Date: Aug 2001 Location: Somewhere else Posts: 39,075	Breaking: No More BP Dividends This Year It's so fresh there isn't even a link I can post yet, but it's on the front page of CNN. "Chairman Carl-Henric Svanberg the board of BP has decided not to pay any further dividends this year. " So all those who thought they were gonna cash in on BP's tanking stock this year.... sorry. __________________ SIG TOO BIG

06-16-2010, 11:55 AM	#2
$5 submissions I help you SUCCEED Industry Role: Join Date: Nov 2003 Location: The Pearl of the Orient Seas Posts: 32,195	Massive blow to UK pensioners __________________ Need a NON-ADULT income stream? We build your YOUTUBE CHANNEL for only $20 per video! For Hire: $3/hour or $400 per month Marketing Specialist Virtual Assistants

06-16-2010, 12:58 PM	#4
Black Ops Confirmed User Join Date: Jun 2006 Posts: 292	Huge short term blow and massive loss. Long term this will be a gold mine. __________________ If you can read this sig, you're already dead.

06-16-2010, 01:00 PM	#5
Amputate Your Head There can be only one Industry Role: Join Date: Aug 2001 Location: Somewhere else Posts: 39,075	Okay, here's the LINK that goes with it now. __________________ SIG TOO BIG

06-16-2010, 01:08 PM	#7
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	$31.85 +0.45 (1.43%) up nearly 10% since the 52 week low of 29 few days ago, I wouldn't exactly call that a sinking ship just yet... it's going back to 50 by year end... one thing all you guys are missing is that the more pressure is put on BP, the higher the price of oil will go, and so the higher the BPs profit will be... __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

06-16-2010, 01:12 PM	#9
DimeCash Confirmed User Join Date: Jun 2008 Location: Costa Rica Posts: 118	If you can - watch BBC news - they are so bias in favour of BP - a couple of analyst that I saw where jumping on Obama and the US for being blood thirsty for $$ and how they should back off BP. Another one was saying how the BP stuff will effect her own pension profits.. short sided bitch - she should be a fisher in the golf __________________ [email protected]

06-16-2010, 01:30 PM	#10
Houdini Confirmed User Join Date: Dec 2001 Location: SoCal Posts: 1,651	Cutting the dividend gives them an additional $10 billion a year. At $30 a share, who cares about the dividend? This stock will be $60+ in a year. 100% return vs. 10% dividend?