Bank1 Feb 2011 13:09
Funny old beast the Market sometimes... BP was down to 475 when the headline from it's earnings report became annual loss of $4.9bn... To me that doesn't seem bad news taking into account the $40.9bn cost of the spill in the Gulf, the resumption of dividend payments at 7c/share, Q4 profits of $4.4bn and the prospect of crude oil trading at even higher prices in Q1/11, but as they say on these boards wtfdik!!
My non-bb information source off-shore in the South Atlantic has nothing to report yet other than that we should know this week - which everyone knows anyway - so is about as useful as a chocolate fireguard.
I hope you're not on holiday in Egypt with all this talk of revolution!
All the best,
LeB.