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Old 06-11-2010, 04:46 AM   #1
Altwebdesign
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Anyone brought shares in BP?!

After the great advice of a fellow GFY member anyone took it up and brought some shares in BP?!
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Old 06-11-2010, 05:41 AM   #2
roly
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i didn't, but the share price in the UK is up 8% today. and that's with the announcement that twice as much could be leaking as first suspected.

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Old 06-11-2010, 05:48 AM   #3
Domain Diva
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Originally Posted by roly View Post
i didn't, but the share price in the UK is up 8% today.
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.
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Old 06-11-2010, 06:15 AM   #4
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Originally Posted by CyberClaire View Post
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.
I'm curious how this will turn out for them.
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Old 06-11-2010, 06:56 AM   #5
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you would have had to be a fool not to buy when it was below $30, it's $33.60 now, more than 12% gain in 3 days already...
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Old 06-11-2010, 07:04 AM   #6
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even now is a great time to buy, this thing is going to 50+ by the end of the year
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Old 06-11-2010, 07:29 AM   #7
Altwebdesign
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buy buy buy by the looks of things!
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Old 06-11-2010, 08:12 AM   #8
Joshua G
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Just on principle, BP should be liquidated & put out of business. I understand we live in a world where the ethics of the money we make no longer matters. That a big reason the disaster happened in the first place.
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Old 06-11-2010, 08:22 AM   #9
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Gotta love capitalism...
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