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My mother is holding quite alot of BP stock so I felt I should research to see if she should dump it.
I looked at Exxon's stock prices before and after the Valdez spill of 1989 and the spill didn't effect the progress upward much at all.
Some say BP is handling the PR end of the debacle better then Exxon did, but BP's screw-up looks to me more dire. So maybe it's a wash.
Bottom line, I think I'll tell mom to hold cuz big oil companies are just soooooo profitable that even causing a horrible event like this, which affects virtually everyone, it is but a mere hiccup.
You would be crazy to dump it now. The worst that could happen has happened and the stock has already taken a massive hit (and stabilized quite nicely). The only place it has to go from here is up.
You would be crazy to dump it now. The worst that could happen has happened and the stock has already taken a massive hit (and stabilized quite nicely). The only place it has to go from here is up.
Not so.....the worst is yet to happen to British Petro. If the bill passes razing BPs liability to 10 Billion , and , in the court of Public opinion , BP may find things do not look so good ether. Time is on their side....but that may change, depending on if they stop the flow of oil from the damaged well.....soon.
Not so.....the worst is yet to happen to British Petro. If the bill passes razing BPs liability to 10 Billion , and , in the court of Public opinion , BP may find things do not look so good ether. Time is on their side....but that may change, depending on if they stop the flow of oil from the damaged well.....soon.
I'm sorry your post is so poorly worded I can't understand it. What is this 10 billion liability you speak of? I have heard of no such liability and no such bill. Also if the bill was razing BP's liability, that would mean it is tearing it down (not increasing it). The word you were looking for is raising.
BP will bounce back. They are a solid energy company with good fundamentals. Stick to this when buying and selling: buy low, sell high. Why would you want to sell BP after it dropped from $60/share to $50/share? Mark my words, this oil spill will be cleaned up and BP's share price will increase.
I'm sorry your post is so poorly worded I can't understand it. What is this 10 billion liability you speak of? I have heard of no such liability and no such bill. Also if the bill was razing BP's liability, that would mean it is tearing it down (not increasing it). The word you were looking for is raising.
BP will bounce back. They are a solid energy company with good fundamentals. Stick to this when buying and selling: buy low, sell high. Why would you want to sell BP after it dropped from $60/share to $50/share? Mark my words, this oil spill will be cleaned up and BP's share price will increase.
You don't watch the news much I guess. The cap now is 75 million. Sorry about the typo. It IS possible there will be a new way to look at drilling, profits, and liability after this current mess is over. That could effect the Oil stocks everywhere. I just offer the concern , confusion and uncertainty that will exist after and during such a huge event. There could be money to be made here also.
You don't watch the news much I guess. The cap now is 75 million. Sorry about the typo. It IS possible there will be a new way to look at drilling, profits, and liability after this current mess is over. That could effect the Oil stocks everywhere. I just offer the concern , confusion and uncertainty that will exist after and during such a huge event. There could be money to be made here also.
I am now very confused. Please explain what you mean by "the cap is now 75 million?" What are you referring to?
I would keep the BP stock its down now but in a couple years it will be back, if not sooner. On other threads I mentioned consideration for buying more on this dip. If it drops to the mid 40s Im probably in.
You would be crazy to dump it now. The worst that could happen has happened and the stock has already taken a massive hit (and stabilized quite nicely). The only place it has to go from here is up.
I agree, and you might consider buying more if it drops any lower. This accident aside, BP is an incredibly profitable company that will recover from this, just as Exxon did. Hold onto it, consider buying more if the price is right, and collect that nice dividend in the meantime. JMHO.
Its hitting 46 now, and my trigger finger is starting to itch. If it hits 40 I may back up the truck.
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