Quote:
Originally Posted by roly
i didn't, but the share price in the UK is up 8% today.
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Doesnt surprise me..I saw BBC world news and they said that BP had between $ 6 - $50 billion in cash reserves and will average revenues over the next yr of between 100 - 150 billion $ ....with Credit Suisse estimating the total bill inc compensation will be US$ 25- 40 billion..they commented that shareholders are not sweating and BP was still a good investment....and added that the recent drop in share price was simply a panic move they expected.