Judge has thrown out the lawsuit against BP for $256B brought by former (dismissed) contractor alleging BP lied to Interior Department about safety on Gulf Of mexico Deepwater Horizon Platform due to complete lack of supporting evidence. A ray of sunshine for BP at last.
Hi Wispert. BP is not a day traders share unless you have a few hundred thousand of them, and if you do, then it is up to you to 'call' the markets move. remember that each buy will attract a 0.5% levy and each sell will have broker commission, so you would need a movement of over 1% on the day....very rare.... The Dividend is good and with BP buying and then cancelling share each day, the dividend will rise...Once they have sorted the Gulf of Mexico settlements and if the tensions in Russia are removed, then this will start to climb, but the Rosteft connection could stall the SP for a while... But for sure these are only my opinions, I have a very large holding in BP and I do not intend to leave yet.. I hope this contributes to your question.
Hi all Quite new to dealing regularly and not a day trader however having made a series of positive moves in the market over lastcouple of years harder to find high cap gain shares so decided to sell what I had a nd put into several shares with descent yield and value more household names so to speak that said this share is not doing me any good cap value wise but my main requirement is yield any body trade this share enough to help with some direction or places for research.
Oil price tumbles as supply trumps political troubles: The price of oil has fallen to its lowest in more than a year as a supply glut allows markets to shrug off concerns over the crisis in Ukraine and the impact of Islamist rebels in Iraq.
Noble Energy, Inc. today announced that the BP-operated Bright exploration well in the deepwater Gulf of Mexico reached the targeted Upper and Middle Miocene objectives and did not encounter hydrocarbons.
Drilled to a total depth of 13,500 feet on Atwater Valley 362, the well has been plugged and abandoned. Full well assessment and the integration of drilling results into Noble Energy’s geologic models is ongoing to determine forward exploration plans on the recently acquired Atwater Valley acreage. Susan Cunningham, Noble Energy’s Senior Vice President, Gulf of Mexico, West Africa, and Frontier, said, “While we are disappointed with the results of the Bright well, we remain extremely encouraged by the recent success of our exploration program in the Gulf. We look forward to results at our Katmai and Dantlzer exploration wells later this month.” BP Exploration & Production Inc. operated the well with 50 percent working interest and Noble Energy had the remaining 50 percent. Noble Energy said it expected third quarter 2014 exploration expense to remain within guidance of $150 to $250 million.
Future North Sea oil and gas revenues could be six times higher than a UK economic watchdog has forecast, according to a report. The UK Office for Budget Responsibility (OBR) has forecast North Sea revenues of £61.6bn between 2013/14 and 2040/41 but N-56, an apolitical business organisation, said the figure could be as high as £365bn if a series of recommendations was implemented.
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