Bp Share Discussion Threads

[txi] 04/3/2014 14:07

Time for our lame politicians to show some guts and support BP!

[barony] 04/3/2014 12:43

The US courts are acting like a banana republic! Lease-lend wasn't enough bleeding of the UK. this is their second go at the thin veins of the UK economy.

[donaferentes] 04/3/2014 12:09

The bad news from US, even BEL not yet reflected in the accounts, must be well in the price by now - every institution must have crawled over this and met with management many times. So, although thoroughly irksome (and I have to admit I do not have much confidence in a French expression being used as a route to resolve this favourably to BP!) and clearly highly prejudiced in favour of the local political value to all the judges against the vested interests of the 35%(?) of BP held by US citizens and other entitities, the is is a wait it out game - until the final claim is within sight when the share price will rise back above 600p.

Maybe the entire judiciary are intending to get in to BP at a cheap price? Be interesting to know how many own - directly or indirectly - BP shares. I bet anyone with a pension plan has a few. Oh, I forgot, a US judge is probably salaried for life and doesn't need a pension plan.

. . . and Uncle Sam says roll over, roll over!

[bracke] 04/3/2014 12:06

Good day optomistic

Markets on a rise thanks to that nice Mr Putin saying there is no need to send Russian troops into Ukraine......yet.

Perhaps the BP share price is becoming used to the decisions from the US. They are in the price. Problem is that the situation appears set to run for some time and one never knows what other surprises await.

[optomistic] 04/3/2014 11:03

BP seems to be impervious to bad news from America!

[dov] 04/3/2014 10:50

They will go to appeal and will lose again they will get no favourable outcome from the US Judiciary

[prambigear] 04/3/2014 10:38

....and the yanks say Russia is not a safe place to invest in business!

[prambigear] 04/3/2014 10:37

#84159 Go for 1 billion Pierre. You can always settle for $150m out of court.

[pierre oreilly] 04/3/2014 10:10

I'm thinking of putting in a claim for $100m. I was traumatised when I saw the leak. perhaps I'll go for $150m, worth a try.

[careful] 04/3/2014 10:01

you would get better justice in russia.
the real gangsters are in america.

[barony] 04/3/2014 09:54

Is it worth "foreign" companies doing business in the USA when they can't be trusted to act lawfully? Seems that their lawyers think it is their right to plunder the assets of any company that makes a mistake in the land of legalised ambulance chasers. Better for BP, to do business where there is a rule of law that applies to all. Seems like the USA is almost as bad as Kazakhstan for foreign companies. (Although BP is mostly American now.)

[redartbmud] 04/3/2014 07:50

Time for Putin to step in!

[anony mous] 04/3/2014 07:24

Pathetic ruling really.This will haunt BP for many years and hit them financially continually.

[neilyb675] 04/3/2014 05:56

440p coming

[smurfy2001] 04/3/2014 01:41

Oh dear god.

BP loses appeal over $9.2bn Gulf of Mexico payouts
US court rules oil giant must restart payments from compensation fund



I sold a while back too, hope to get back in cheap :)

[bracke] 03/3/2014 11:40

I estimate the rise in oil price is worth approx $1.8 million day to BP.

So will 'only' take 277 days to recover the 'lost' cash.

[miata] 03/3/2014 11:39

The Russian Rouble, which had already weakened by 10% since the start of the year against the Euro, has weakened a further c.1.5% this morning.

[miata] 03/3/2014 11:21

No. (BP owns 2,092,900,097 shares)

Guesstimate: BP has lost £0.5billion of asset value in Rosneft this morning.

[bracke] 03/3/2014 11:20

MIATA

But would not the rise in oil price more than offset the fall in Rosneft share price ?

[miata] 03/3/2014 11:12

BP owns 20% of Rosneft, Rosneft shares have fallen over 5% this morning. Hence BP down....that's arithmetic.