Don't forget, BP is liable for a fine of $4300 per barrel released into the ocean. Today it was just admitted that the leak is closer to 40K barrels a day and eventually the true number of 100K barrels a day will be confirmed. At $4300 a barrel, that ads up really quick especially if the leak goes for several more months. I think the impact of these fines is what will push BP over the edge. It could be close to 50 billion in fines alone.
BTW, this is why BP has continuously said there is no way to measure the flow and they have no interest in doing so.
It's a risky play that could pay off big, the odds are against you on this one I think. But that's how the game works
