Just out of curiosity, how come an event like the oil leak going on off the Gulf Coast does not effect BP's stock price. I saw it dipped a little bit and is back on its way up.
They pledged that they were going to pay for the spill IN FULL. I know there is a contract stating they are only obligated to pay 75 million, but if they are good to their word and pay the 2billion... I would think that would be a substantial hit to their company. Maybe 2 billion is nothing to them?
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Just out of curiosity, how come an event like the oil leak going on off the Gulf Coast does not effect BP's stock price. I saw it dipped a little bit and is back on its way up.
They pledged that they were going to pay for the spill IN FULL. I know there is a contract stating they are only obligated to pay 75 million, but if they are good to their word and pay the 2billion... I would think that would be a substantial hit to their company. Maybe 2 billion is nothing to them?
and it is not close to the lost market cap...so..my inclination has been to looking into buying the stock.Of course I have been looking into buying Goldman as well on the same reasoning but who knows how that will play out.
and it is not close to the lost market cap...so..my inclination has been to looking into buying the stock.Of course I have been looking into buying Goldman as well on the same reasoning but who knows how that will play out.
depends what you mean by "a little bit" It's stock has dropped more than 15% since the rig caught fire and sank.
In any event, my expectation is that BP will get through this event better than Exxon did in '89 w/ Valdez tanker spill...Both In terms of its response & efforts to clean the mess, and the extent of the damage itself on the shores.
The "dome" they are placing over the well this weekend will go a long way to determining the extent of the overall damage. If they are able to "turn off the faucet" and stop the continued oil spilling into the Gulf, then this should be a big boost to their efforts and minimize damage.
depends what you mean by "a little bit" It's stock has dropped more than 15% since the rig caught fire and sank.
In any event, my expectation is that BP will get through this event better than Exxon did in '89 w/ Valdez tanker spill...Both In terms of its response & efforts to clean the mess, and the extent of the damage itself on the shores.
The "dome" they are placing over the well this weekend will go a long way to determining the extent of the overall damage. If they are able to "turn off the faucet" and stop the continued oil spilling into the Gulf, then this should be a big boost to their efforts and minimize damage.
from AIG? 
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