Comments on: The ever-falling BP share price http://blogs.reuters.com/felix-salmon/2010/06/09/the-ever-falling-bp-share-price/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: mourndekai http://blogs.reuters.com/felix-salmon/2010/06/09/the-ever-falling-bp-share-price/comment-page-1/#comment-16170 Fri, 25 Jun 2010 09:07:17 +0000 http://blogs.reuters.com/felix-salmon/?p=4205#comment-16170 It took 17 years for Exxon to be finally penalised for Valdez. I would consider this the lower estimate for BP.

Why? Well BP has more avenues to fight this than Exxon mainly because the American contractors it got in to do the drilling and well prep were the ones who seemed to have slipped up.

The clean up will actually happend far quicker than people expect

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By: MiltonRecht http://blogs.reuters.com/felix-salmon/2010/06/09/the-ever-falling-bp-share-price/comment-page-1/#comment-15994 Fri, 18 Jun 2010 05:48:31 +0000 http://blogs.reuters.com/felix-salmon/?p=4205#comment-15994 Actually, the market has not considered BP’s dividend safe for over a year. BP’s dividend yield 12-18 months ago was in the range of 8-10 percent.

If one used the put-call parity formula for BP stock and option prices with a correction for expected dividends with stock and option prices from that time, the results showed that the market was expecting a dividend cut.

Since BP had more than enough earnings and cashflow to pay dividends at that time, the market was predicting some extraordinary event that would cause BP to reduce its dividend at least as far back as 18 months ago.

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By: dWj http://blogs.reuters.com/felix-salmon/2010/06/09/the-ever-falling-bp-share-price/comment-page-1/#comment-15812 Fri, 11 Jun 2010 23:09:14 +0000 http://blogs.reuters.com/felix-salmon/?p=4205#comment-15812 Er, I put that comment on the wrong post…

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By: dWj http://blogs.reuters.com/felix-salmon/2010/06/09/the-ever-falling-bp-share-price/comment-page-1/#comment-15811 Fri, 11 Jun 2010 23:07:55 +0000 http://blogs.reuters.com/felix-salmon/?p=4205#comment-15811 LUV pays a dividend of 0.5 cents per share per quarter; my understanding (though this may be wrong) is that this is so that institutional shareholders with mandates to hold only dividend-paying stocks can own their stock. I think suspension is likely, and that any dividend would face political headwind, but I’d like to raise the possibility that BP will cut the dividend to some token amount, but not to zero. I don’t think that’s the most likely scenario, though.

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By: jimko http://blogs.reuters.com/felix-salmon/2010/06/09/the-ever-falling-bp-share-price/comment-page-1/#comment-15788 Fri, 11 Jun 2010 05:22:56 +0000 http://blogs.reuters.com/felix-salmon/?p=4205#comment-15788 the deleting of dividends from BP is a deletion from every low income person in the usa–every retirement trust has stocks like BP BECAUSE they pay cash and have been a good earner–where bonds and C-D’s pay almost nothing–great –the punishment lands not on the aristocrat super rich greedheads–but on janitors-carpenters-plumbers-service workers—-great idea–the focus should be on just stoping the spill not thinking how much you’re going to make off this disaster–I am a low income senior with heart and kidney problems for whom the medicare cut (21%) are going to pinch–me and hundreds of thousands of others who face death from further cuts in our paltry income–when these hi-income harvard lawyers say “LETS GET THE BASTARDS”–they’re talking about YOU dummy!!

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By: csodak http://blogs.reuters.com/felix-salmon/2010/06/09/the-ever-falling-bp-share-price/comment-page-1/#comment-15764 Thu, 10 Jun 2010 17:00:07 +0000 http://blogs.reuters.com/felix-salmon/?p=4205#comment-15764 Enough already about how oil is in everything we consume including food. The evidence is clear, whether it is in the pure form that spills into the environment or through the goods that we consume and then throw away or the food that we eat, oil poisons the earth and the human body and it is a indisputable fact!

So what do we do…continue to poison the environment and ourselves or do we move our countries efforts in decisively moving away from oil by aggressively developing other sources of energy that are more inert to biological systems?

Do we continue to cry like babies when we invest in companies who cut corners and damage the public or environment because we are afraid of how the corporations might respond or how the stock drop might hurt investors?

Is there any wonder why we are in a bear market.

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By: DanHess http://blogs.reuters.com/felix-salmon/2010/06/09/the-ever-falling-bp-share-price/comment-page-1/#comment-15759 Thu, 10 Jun 2010 14:39:56 +0000 http://blogs.reuters.com/felix-salmon/?p=4205#comment-15759 jopocop is right. This is a process that needs time.

It’s seems to me to be pretty hypocritical to hate on big oil when oil is crucial in almost every aspect of our lives. It provides the food in our bellies, it is involved in most of the products that we buy and it gets us around on land and in the air.

Does anyone else find it silly when Obama jets around with his massive entourage, talking about kicking oil-related ass?

Has the Federal government bothered to find and market even one drop of oil?

The number of solutions offered by the Federal government through this fiasco has been and will remain exactly zero. It is much safer not to offer any solutions, because if they don’t work, no skin off your back!

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By: DougJ http://blogs.reuters.com/felix-salmon/2010/06/09/the-ever-falling-bp-share-price/comment-page-1/#comment-15754 Thu, 10 Jun 2010 08:34:02 +0000 http://blogs.reuters.com/felix-salmon/?p=4205#comment-15754 The leak is far worse than BP or the US government are admitting. No corporation is big enough to ever pay for a full cleanup of the Gulf of Mexico. BP will be bankrupted in short order, its assets sold off.

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By: Pug http://blogs.reuters.com/felix-salmon/2010/06/09/the-ever-falling-bp-share-price/comment-page-1/#comment-15747 Thu, 10 Jun 2010 03:36:04 +0000 http://blogs.reuters.com/felix-salmon/?p=4205#comment-15747 Obama showed what he thought of pensioners and the common working man when he forced GM into bankruptcy and handed the company over to his labor union backers. While Obama has caused immeasurable suffering in the US since taking office, all we’ve heard from the media is how beloved he is in Europe. Though I hate to see retirees lose what they worked their entire lives for, perhaps this will wake Europe out its stupor for this incompetent dope.

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By: DanHess http://blogs.reuters.com/felix-salmon/2010/06/09/the-ever-falling-bp-share-price/comment-page-1/#comment-15746 Thu, 10 Jun 2010 03:18:16 +0000 http://blogs.reuters.com/felix-salmon/?p=4205#comment-15746 “BP stock would surely be worth a lot more than it is right now. But, thankfully, it’s not.”

Woah there, Felix! Are you rooting for BP to fail?

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