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BP Share Chat (BP.)



Share Price: 395.60Bid: 395.55Ask: 395.60Change: -5.40 (-1.35%)Faller - Bp
Spread: 0.05Spread as %: 0.01%Open: 402.90High: 402.90Low: 392.40Yesterday’s Close: 401.00



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whotme
Posts: 305
Research
Opinion:Strong Sell
Price:448.75
total ...
15 Mar '13
well this interesting, not only are BP using the lower bound of the estimate, but this ammount is not reduced by the captured oil

Deepwater Horizon MC252 Gulf Incident Oil Budget concluded that the total amount of oil discharged during the spill was 4,928,100 barrels (± 10%, which gives a range of 4,435,290 to 5,420,910 total barrels).
a number not reduced by the amount of oil captured at the wellhead ...
Crone and Tolstoy estimate the total release to be 5,174,887 barrels (± 20%).80 Their calculations assume that oil represents 40% of the total flux from the well and do not include oil that was released from the kink leak prior to the riser cut on June 3, 2010.81 If the kink leak were taken into account, and the oil ratio was increased to the 43.7% figure generated by the Woods Hole team, this estimate would be on the high end of the government‟s current estimate for the total release. 5.89mb

http://astro.berkeley.edu/~echiang/bp/WorkingPaper.pdf
 
whotme
Posts: 305
Observation
Opinion:Strong Sell
Price:448.80
View Thread (3)
Apachewind
15 Mar '13
All those fishermen are still out of pocket.
The strip joint claims never existed.
The crooked thief has had one person make an allegation against his firm.

So BP are in bed with the Federal Government? should be interesting, that should almost guarantee BP getting off the hook ... so why you worry mister C76?
Chandley-1976
Posts: 3,601
Off Topic
Opinion:No Opinion
Price:445.95
Apache
15 Mar '13
BP have been a cash cow for many in the USA.

All those fishermen who claimed loss of earnings, and yet were being paid a fortune to assist in the cleanup.
All those strip bars who supposedly earned less due to said fisherman's also supposedly loss of earnings.
The crooked thief who handled claims again BP for thousands of people, when those people never wanted to bring a claim.

And now we have Dick Cheney and Halliburton's dodgy connection from when he was CEO. Does anybody really think that all the top oil companies and their relatives, are not 100% in bed with every single Government for which they operate? Please.
Apachewind
Posts: 143
Off Topic
Opinion:No Opinion
Price:446.75
Dick Cheney/Haliburton
15 Mar '13
A current theme on III refers to an alleged Dick Cheney / Haliburton connection.
Chandley-1976
Posts: 3,601
Off Topic
Opinion:No Opinion
Price:446.80
GRDT
15 Mar '13
Exactly. The Feds claimed 4.9 million barrels. BP have already agreed to have 800000 knocked off that for oil which was captured before it entered the water, leaving 4.1 million barrels.

The second half of the case will be all about reducing that number further, and since 4.1 million is the MAX number, that will be subject to some reduction. Its almost certain.

Should BP get some leeway for oil is skimmed, burned, dispersed, or otherwise cleaned up? I think so personally yes. Sure, not all of the oil that they got rid of, as it still entered the environment, but some of it, certainly. Otherwise, what was the point in spending billions to clean up the mess, if they are going to pay a heavy price for all of it anyway?

By the time this is all said and done, BP could end up paying for only 2 million barrels or so. At non GN, that's only 2 billion dollars in fines under the CWA, or 8 billion with GN. Both numbers are pretty safe to handle eh?

Down 1% today. 0.5% due to general market falls, and 0.5% due to the £ gaining on the $. No dramas. Still nice and steady in her comfy range of round abouts 450p.
GRDT
Posts: 37
Off Topic
Opinion:No Opinion
Price:447.15
bp
15 Mar '13
http://www.bp.com/genericarticle.do?categoryId=2012968&contentId=7085040

Above states that BP believe that the 4.9MB govt figure is inflated by 20% , and at max 3.1MB should be used to calculate CWA fines.

BP lawyers will also want the court to consider BPs actions post spill and take into account the $23B they have spent making things right so far.
debeege
Posts: 1,598
Off Topic
Opinion:No Opinion
Price:450.70
Bizzare intraday Auction
15 Mar '13
on loads of stocks at the same time?

explanation?
Chandley-1976
Posts: 3,601
Off Topic
Opinion:No Opinion
Price:451.85
Whart
15 Mar '13
No mate, the spills original size was 4.9 million. Can you show me anything to suggest that it was 5.7?

And Peak, yes indeed. So Tom Roth, the man who ran the cementing operations has said that no one told him that the cement job was unstable. He learned of the tests SIX MONTHS after the failed cement job. Crikey.

Multiple failures, by multiple parties. Just like the Feds also agreed in their report of 2 years ago. Non GN. $1000 on 4 million barrels
peakoil
Posts: 120
Observation
Opinion:Hold
Price:451.05
Halliburton in focus
15 Mar '13
A Halliburton executive who was in charge of the cementing operations testified Tuesday in the BP oil spill trial in New Orleans the "cement slurry" used to seal the BP Macondo well "had a low probability of success."

According to The Times-Picayune, Thomas Roth, now the global operations manager for Halliburton's Boots & Coots pressure control subsidiary, testified the cement slurry was not designed to the standards for optimal success.

BP oversaw the work of both Halliburton and Transocean, which leased and manned the drilling rig to BP. Halliburton was hired by BP to supply the cement for the project.

According to the report, BP attorney Matt Regan asked Roth about tests conducted on the cement slurry prior to the spill. The results of three of the four tests showed the mixture was unstable. He asked Roth whether "those tests, to you, would be relevant to the question of what happened to that cement on the Macondo well?" Roth said it would be.

"There was testing done before the slurry was pumped, and it showed instability. Did anybody say that to you?" Regan asked.

"No, sir, nobody said that to me," Roth testified. He said he first learned of the tests in October 2010, six months after the fatal blowout.

Still all pointing to multiple causes and multiple parties I think
thistle
Posts: 13,542
Off Topic
Opinion:No Opinion
Price:451.05
He
15 Mar '13
Must have been shown the exit door again! Comes and goes as he pleases...

Whotme... How soon are you expecting a drop here... This month?... Next month?.. Or no idea just waiting for the inevitable drop (in your view)

Current sp..Must admit I thought it would be a bit lower than this during the trial





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