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.

Massive blow to UK pensioners

Absolutely HUGE!

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

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

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 :2 cents::2 cents:

$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... :2 cents:


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... :2 cents:

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. :2 cents:

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 :321GFY

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?