As per her famous 90's hit.. 'The only way is up...'.. All joking aside, surely the American Judge's bashing of BP cannot continue forever and there must be an end in sight.. Combined with an eventual turnaround in the oil price...and the easing of the Eastern European / Russian tensions.. Yazz's statments has to be true...but when...?
(For those who dont know that song.. look it up. :-))
Agreed that the buy back period has ended, however a recent statement is along the lines of there are plenty of selling and buy opportunities out there. It may be that the period is convenient pause to perhaps go on a funded spending spree to purchase. looking at other oilers on this forum there could possibly be take over bids in the near future and BP would normally be in the game
Things are not looking good and it seems the planners are aligning against BP oil at a near record low and all other associated problems Russia etc , etc, I think this week is going to be Tin Hat time hope I am wrong !! Good Luck to All Investors Keep Smilling
I hope that the US will get their comeuppance for screwing over foreign businesses. It appears that they're suing whatever businesses they can for one reason or another for huge amounts of money. People have always been weary of investing in Russia as you never knew if the Russian government would re-nationalise the stock or turn the tables on the investor.... the US will soon have a reputation that it doesn't encourage foreign investment... look at what happened to Tescos, the UK Banks and now BP... the UK should stay well clear!
I hope the judge who seems to have it in for BP remembers the DEVISTATION a USA chemical company caused when one of their plants blew up whipping out a village and surrounding area killing and maiming thousands of people and the land still baren to this date. How much compensation did this company pay to the mostly un educated Indian people ? I guess something like 6 shinny New Pennies !!! Can you imagine if a UK or European Chemical plant had blown up and caused the same devistation !! I don't think there would be enough money in the world to cover the litigation . UK companies operate in USA at their peril. But we let USA companies get away near scot free re tax etc but we play with a straight bat and others are not as forgiving. Good luck to all Investors I think we will need it !!
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.