BP needs to stop the leak....
once they do that, their stock falling will reach its plateau and it will be up from there....
people thought EXXON would be ruined forever by the oil spill in alaska, but people FORGET easily...out of sight, out of mind kind of thing....
BP made 6 BILLION in profit the previous 4 months to the accident, I would guess this could cost them 2 billion when all said and done.
Stock prices do not make the company go round....they have NOTHING to do with the business itself....the business can still make a profit off of all of their other wells that they were making a profit off of before this catastrophe....that money can be used for the clean up with plenty left over....
These pension plans that have lost value, if the pension continues to buy the stock at these below value prices for BP they will come out way ahead in the long run...
Patience is a virtue....and not panicking can help as well!
once they do that, their stock falling will reach its plateau and it will be up from there....
people thought EXXON would be ruined forever by the oil spill in alaska, but people FORGET easily...out of sight, out of mind kind of thing....
BP made 6 BILLION in profit the previous 4 months to the accident, I would guess this could cost them 2 billion when all said and done.
Stock prices do not make the company go round....they have NOTHING to do with the business itself....the business can still make a profit off of all of their other wells that they were making a profit off of before this catastrophe....that money can be used for the clean up with plenty left over....
These pension plans that have lost value, if the pension continues to buy the stock at these below value prices for BP they will come out way ahead in the long run...
Patience is a virtue....and not panicking can help as well!
