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BP Share Chat (BP.)



Share Price: 455.10Bid: 455.00Ask: 455.10Change: -1.25 (-0.27%)Faller - Bp
Spread: 0.10Spread as %: 0.02%Open: 457.00High: 458.50Low: 453.30Yesterday’s Close: 456.35


Share Discussion for Bp (BP.)


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moneymakerxxx
Posts: 71
Off Topic
Opinion:No Opinion
Price:454.85
Tomorrow
4 Sep '14
Any guesses where we end tomorrow before the weekend, we will claw back some or see further large falls, be interesting how it trades over the pond the rest of today ???
 
thistle
Posts: 13,513
Off Topic
Opinion:No Opinion
Price:455.00
Inscrut
4 Sep '14
'God Bless America' ;o)
thistle
Posts: 13,513
Off Topic
Opinion:No Opinion
Price:454.75
will take years yet...
4 Sep '14
BP strongly disagrees with the decision issued today by the United States District Court for the Eastern District of Louisiana and will immediately appeal to the United States Court of Appeals for the Fifth Circuit.

BP believes that the finding that it was grossly negligent with respect to the accident and that its activities at the Macondo well amounted to willful misconduct is not supported by the evidence at trial. The law is clear that proving gross negligence is a very high bar that was not met in this case. BP believes that an impartial view of the record does not support the erroneous conclusion reached by the District Court.

The Court has not yet ruled on the number of barrels spilled and no penalty has yet been determined. The District Court will hold additional proceedings, which are currently scheduled to begin in January 2015, to consider the application of statutory penalty factors in assessing a per-barrel Clean Water Act penalty. The Clean Water Act requires the District Court to consider a number of factors in determining an appropriate penalty. The statutory maximum penalty is $1,100 per barrel where the court finds simple negligence and $4,300 per barrel where the court finds gross negligence or willful misconduct. During the penalty proceedings, BP will seek to show that its conduct merits a penalty that is less than the applicable maximum after application of the statutory factors.

BP is reviewing the decision and will issue a further statement as soon as possible.
Inscrutable
Posts: 7,706
Observation
Opinion:No Opinion
Price:454.70
Stop bluffing
4 Sep '14
Announce we will withdraw from all US activity over time and spend our money and create jobs elsewhere. The start working out the "cost per barrel".

Allies - humbug
ARSENAL17
Posts: 215
Off Topic
Opinion:Hold
Price:454.70
fines
4 Sep '14
Surely we have to move on from this ,as much as i like America im afraid there judicial system is full of hypocrisy as i think back to the events of 2008 and as stated in an earlier review if this was there company im sure the fines and compensation would be a lot lower.They and this hypocrite judge barbier surely know there are thousands of american bp workers so how about drawing a line under it moving on, My wife is in New Orleans working now for RR and she has told me how lovely the beaches are so all this talk of disaster is a little overated now and if it was any other business it would be bust.Im sure once a final judgement is made this stock will rise or could BP find new oil fields somewhere else and maybe sell there part in the mexican gulf and move on ?
johncharles15
Posts: 441
Off Topic
Opinion:No Opinion
Price:456.55
which first?
4 Sep '14
Sub four or above five ? My money is on five +
EarlyBird-Rns
Posts: 1,233
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:456.35
Rns...
4 Sep '14
Ouch!
gazza5
Posts: 625
Off Topic
Opinion:No Opinion
Price:455.45
.
4 Sep '14
if this had happened anywhere else in the world the fines wouldn't of been as bad.

Alot of the americans hate BP on the bloomberg post posted below. Would love all this to bite them on the bum but the chances of that are slim.
IAMMee
Posts: 13
Off Topic
Opinion:No Opinion
Price:455.45
Typical
4 Sep '14
Obama wants our support fighting ISIS and his corrupt judicial system rapes and pillages BP and Transocean and Halliburton get away punitive fines. Ludicrous. Cameron, tell him NO unless this judgement is deemed fair.
Inscrutable
Posts: 7,706
Off Topic
Opinion:No Opinion
Price:456.70
Fines
4 Sep '14
Exxon fined about a billion in total for what is universally recognised as the most damaging (not largest) oil spill in history. BP put aide 43 billion and it likely wont be enough - seems fair eh. A Louisiana "district court" decides this stuff - hmm how about some world court deciding this stuff eh? Cue the prawn fisherman who lost more catch due to spill than the entire worlds population of prawns apparently.............................. and the rest that the ROV watchers will recall............. you know who you are..............



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