RE: BP shows up 1% on NYSE which begs the question12 Feb 2022 15:40
Bumble1968.
I don't have any shares in BP as I sold out weeks ago due to Ukraine.
I'm in SQZ, HBR, CNE, none of which (I hope!) have any interests in Russia or Ukraine!
As of today I am concerned Putin's actions will already have far reaching negative repercussions for Russias economy. He's gone too far and now, once he realises a whole load of economic problems are now coming down the rails even if he calls off the war games he may actually be crazy enough to invade.
The boards of BP and Shell will without doubt be discussing their exposure to Russia now and even if this blows over in the future I should think both will put their interests in Russia up for sale in the next few years NO MATTER WHAT happens now. Of course if Putin Nationalises their interests before then they won't have anything to sell.
Really, anyone holding shares in Shell of BP needs their heads examined.
All IMHO.