Quote:
Originally Posted by ehhhwik
That's a fair argument about BP, that's why i bought a small position, if it flies, great! if it sinks, i wont be losing sleep over it. Don't forget, BP doesnt just have 1 hole in the middle of the gulf of Mexico, its all over the world, oil sands, nat gas, refining, pipe lines, petrochemicals, etc etc, the list goes on...
i don't even know why everybody is pointing their fingers at BP and them alone, people have no idea that Transocean is the actual owner of the oil rig, Halliburton is the company that provides construction materials and does research at the rig, BP is simply the leasee of the rig. Out of the 126 employees at the rig when the explosion happened, only 7 were from BP. I understand good PR and oil companies don't belong in the same sentence, but people need to stop believing everything the news says and use their brain more
|
I also brought a small amount of the stock...
didn't really do any real analysis...but I figure since the stock has a market cap of 195 billions before the accident, and it is now trading at just 100 billions....i doubt the whole thing would end up costing BP more than 90 billions..
Plus, it won't be just BP footing the bill....transocean, halliburton and many other related parties will all be responsible for the cleanup cost as well.