if you have shares in BP

rowlo



Joined: 12/10/2008
Posts: 4796

Message Posted:
15/06/2010 01:05

sell them now , USA is gonna sink them , then buy them for a dollar ?

Rogerdodger


Joined: 24/04/2008
Posts: 271

Message Posted:
15/06/2010 13:39

Talk about scare mongering, leave it alone

greylag


Joined: 08/04/2009
Posts: 1110

Message Posted:
15/06/2010 15:20

Mess 1 is entitled to his own opinion,

Grey.

Sideways



Joined: 21/01/2009
Posts: 529

Message Posted:
15/06/2010 15:23

If you sink BP now, thousands will lose their jobs especially in the U.K.



Just let them get on with it.

MaggieAndBernie



Joined: 26/07/2008
Posts: 2012

Message Posted:
15/06/2010 15:38

I feel another Northern Rock coming on!

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
15/06/2010 15:44

If you do "feel another Northern Rock coming on" you misunderstand the economics of oil...



The well will produce trillions of $ and the cost of the clean-up pales into insignificance in comparison.

MaggieAndBernie



Joined: 26/07/2008
Posts: 2012

Message Posted:
15/06/2010 15:48

Yes Groucho I do have a vague grasp on the economics of oil.....but, if 100s of small shareholders dump their shares It could lead to a takeover bid and before we know it it'll be 'AP' (american) not BP!!

catalkoykid


Joined: 15/02/2009
Posts: 1190

Message Posted:
15/06/2010 16:03

if you sell your shares, you are either stupid or desperate for money, in witch case you shouldn't have bought them in the first place.



remember shares can go down as-well as up, very good time to buy if you dont need the money for a year or so

fiendishpaul


Joined: 18/05/2008
Posts: 1720

Message Posted:
15/06/2010 16:10

I have said it before, but in a couple of years time the Gulf spill will be old news and BP will be announcing record profits.



I am waiting for them to go down to around the £3 mark and then I may very well have a punt.



Just my (laymans) opinion of course



Paul

coffer


Joined: 13/02/2007
Posts: 292

Message Posted:
15/06/2010 17:18

I'm for buying BP shares, pick your moment and make a few bob. Be lucky!

donga


Joined: 01/04/2009
Posts: 272

Message Posted:
15/06/2010 17:59

BP's rating has been cut 6 ( SIX) levels to 2 levels above junk..........



http://www.bloomberg.com/apps/news?pid=20601087&sid=aJNWIhogme6E





hard to gauge just how bad this really is & the word on the net (not the main stream media) is that this is really serious & it's not just spewing oil but toxic gases like benzene & Hydrogen Sulphide.



Wait till the hurricane season starts spreading the slick around.





I personally think this could finish BP

eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
15/06/2010 18:09

In my opinion i would hold on, for Fitch to downgrade so heavily is quite serious, very small possibility that BP could go bust because of this. Would wait a few weeks just to let the danger past and to see if things have bottomed out.

Tootie


Joined: 28/08/2008
Posts: 2037

Message Posted:
15/06/2010 18:14

Watch Obama back track on his words about BP.

This is oil and America just loves oil....



Second to my pajero

phylray



Joined: 21/09/2007
Posts: 1727

Message Posted:
15/06/2010 19:23

Sounds like Obama could be just going off oil from his latest words!

Goonerboy


Joined: 01/04/2009
Posts: 723

Message Posted:
15/06/2010 19:47

BP is one of the world's most profitable companies, paying $10 billion a year in dividends and boasting a $20 billion annual capex budget -- both of which could be dialed back substantially to pay for oil spill damages.



(taken from Forbes)...



BP is worth more alive than dead...won't ever go bankrupt nor be taken over by the Govt.



I'd monitor the share price very carefully, may well be the time to buy...this is of course MY OPINION, and if I Had the money, I'd definately be investing in BP some time in the near future

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
15/06/2010 19:47

As I said earlier, this is not one for widows and orphans any more!



wynyardman

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
15/06/2010 20:49

Well then, if you did know anything about the economics of oil you'd know that BP is largely owned by American Shareholders... Obama's bluster is just that... Sound bites for the American public's digestion. He's feeling impotent to act and out of the loop... only BP and the like can solve the problem but he has to be seen to be doing something.



If he tries to retrospectively apply punitive charges above that allowed by the current law he will find he is not able to pull it off... Even in the USA they are not allowed to move the goal posts after the ball has been kicked.



Please don't misunderstand my sentiments, I am not an apologist for BP, they have made a hash of it and they will have to pay dearly for it.

catalkoykid


Joined: 15/02/2009
Posts: 1190

Message Posted:
15/06/2010 20:51

very true groucho

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
15/06/2010 20:54

Groucho,



With respect I bought BP yesterday. What I have been adviising against is that it is not one for widows and Orphans.



In fact the price has dropped again today.



Look at Fitch regrading today.



Its strictly for the brave, at this point in time!



wyn

Tootie


Joined: 28/08/2008
Posts: 2037

Message Posted:
15/06/2010 21:08

Widows and Orphans.... lol



Buy Buy Buy.



Worry if your pension is dividend based, thats who will be the first hit, not the share holders who are now buying by the shed load..Ask Obama.

This is America and its OIL.....Hmmm loverly dirty oil....

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
15/06/2010 21:50

Wynyardman, my remarks were not aimed at you in particular but at this



"Yes Groucho I do have a vague grasp on the economics of oil.....but, if 100s of small shareholders dump their shares It could lead to a takeover bid and before we know it it'll be 'AP' (american) not BP!!"



Which is quite demonstrably wrong....

MaggieAndBernie



Joined: 26/07/2008
Posts: 2012

Message Posted:
15/06/2010 22:06

It was me who wrote that which you quoted in Msg 21 Groucho and I stand by it!



http://www.salon.com/news/opinion/feature/2010/06/15/bp_citizens_shareholders_open2010



interesting reading for you.



Maggie

sporty


Joined: 06/12/2007
Posts: 685

Message Posted:
16/06/2010 00:58

its a falling knife,dont catch it,by the time every tom,dick and harry have put in for damages to their lives and businesses in the gulf of mexico whether it affected them or not,if the usa take action and rescind licences etc,its going to be years before its all done and dusted,yep theyre a massive company but the bigger they are the harder they fall!

What really pisses me off is the yanks have been happy having cheap petrol for years when other countries pay through the nose for it,theyre whole economy and has been built on natural resources,oil etc,they are the biggest polluter of all,whats happened in the gulf is an absolute disaster,but its not much different than what theyve been doing to the atmosphere for decades! Rant over,i may buy some for a long term hold when they get to £1.50 to £2 range!!

Middle Easter


Joined: 13/06/2007
Posts: 146

Message Posted:
16/06/2010 01:12

Sporty



Don't fall into the trap of the never buying shares that are falling & only buy shares on the up. Share prices are emotionally driven as much as anyway. Therefore the negative cost re BP is already priced into the share price. Think about it, if BP are 50%+ down, are they really worth that much less ....of course not.



And finally, if they are take over threat their shares will go bananas (upwards). This is a serious good buy for anyone with more than very short term horizon.



Sure if you have 10K sterling, buy 1K of BP shares each week over the next 10 weeks to try match the 'u' ie bottom curve in the share price....serious money to be made

sporty


Joined: 06/12/2007
Posts: 685

Message Posted:
16/06/2010 01:30

im not put off,i just wouldnt buy for a while yet. Some of the best profits i've made has been by averaging down when a share is falling,then selling after theyve recovered and you are perfectly correct in what you are saying about staggering your buys over weeks or months if you wanted to buy in however i like the shit or bust explorers on AIM market! At the moment im into KEA,RRL,+FOGL all high risk/high reward,i bought £2ks worth of Dana Petroleum about 10yrs ago,for about 15p or so,i made about £3-400 when i sold them,havnt looked at their value for about 3 months but that £2k would have been worth £60k+!!now, Ouch!!

tattlad


Joined: 13/12/2008
Posts: 479

Message Posted:
16/06/2010 01:49

OK it's been a mishap by BP, but the USA have made enough of those and should put their hand over their mouth over this, the reason I think they are doing all this slagging off is to drive the share prices down, and lo and behold they will try and buy BP out, if you think that's slightly blown out of proportion, I read something today that enlightened me as to the real reason America is in Afghanistan, a trillion dollars worth of minerals, gold, silver, and a host of other minerals that make the world go around, the UK need to be very aware of how America works, if you lay down with snakes you'll end up poisoned every time.

Tootie


Joined: 28/08/2008
Posts: 2037

Message Posted:
16/06/2010 01:53

No sh1t tattlad, Why did America go to war with the Afghans in the first place?

Dont say wmd, pls......

tattlad


Joined: 13/12/2008
Posts: 479

Message Posted:
16/06/2010 02:06

Tootie, it's funny how Russia never manged to suss it all out, if I can find a link to what I was reading earlier it will enlighten you about Afghanistan, but I'll have to wait until I get to work, the drug thing and terrorism looks like being an excuse, the minerals are in Afghanistan but lets just see how much wealth it see's from it eh, as for the USA moaning about environmental disasters, what about the shit they have caused around the world, it will take Iraq a long time to get back to any normal sort of life.

Tootie


Joined: 28/08/2008
Posts: 2037

Message Posted:
16/06/2010 02:26

Russia had it worked out long time ago. Gas to Europe, Thank you very much...

Why be bothered in a war for oil when you have Gas?...



Of course the heroin/poppy fields, terrorism etc is an excuse for the Yanks being there, But these people have been blowing them selfs up for years.



Its all about the control of oil, Watch Obama back track on the bp spill.

Also remember who works,controls,contracted,operated,profits,owns the drill head. etc etc......



For a true perspective I ask Proger or the Saints to comment........??...

MaggieAndBernie



Joined: 26/07/2008
Posts: 2012

Message Posted:
16/06/2010 08:15

Msg 26



"the reason I think they are doing all this slagging off is to drive the share prices down, and lo and behold they will try and buy BP out,"



Well said Tattlad, that's exactly what I've been trying to say!



Maggie

tattlad


Joined: 13/12/2008
Posts: 479

Message Posted:
16/06/2010 11:31

Tootie, it's got nothing to do with oil this time, which is unusual for the Yanks, they have found MINERALS that are worth trillions of dollars, Russia never had a clue all this was there but somehow the Yanks knew, and anyway plans are afoot to end Russia's stranglehold on piping fuel to Europe.

tattlad


Joined: 13/12/2008
Posts: 479

Message Posted:
16/06/2010 11:40

http://current.com/bfd/92489589_afghanistans-new-jackpot-is-it-a-blessing-or-a-curse.htm

It's all a little clearer now Obama isn't it.

fiendishpaul


Joined: 18/05/2008
Posts: 1720

Message Posted:
16/06/2010 12:37

Just a thought, but this might be a chance for the coalition countries to recoup some of the billions of dollars spent trying to bring the country out of the stone age. Yes, I am sure that the americans will take a big slice of the pie, but then again Afghanistan probably never had, and never would have had the expertise to mine the minerals. Somebody has to do it.



Just my opinion of course.



Paul

tattlad


Joined: 13/12/2008
Posts: 479

Message Posted:
16/06/2010 12:54

friendispaul msg 33.

Has it ever occurred to your that the Afghans might be happy to live in the stone age, that's the trouble with the western world, too ready to heap their opinions and ideals on others and think it's right to do so.

eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
16/06/2010 13:29

Is this still a BP thread ?

fiendishpaul


Joined: 18/05/2008
Posts: 1720

Message Posted:
16/06/2010 13:48

Tattlad



I agree, ask the Afghan people........oh they did when they had their elections. They re-elected a government that supports the presence of coalition forces in Afghanistan. Admittedly there were concerns over the legality of the election but the loser in the election was also a supporter of the coalition. The majority of Afghans want to see an improvement to their quality of life, infrastructure, education etc etc, something that would never be achieved under the draconian rule of the Taliban.



Anyway, Eager is right, maybe one for a different thread.



Regards



Paul