Did you listen.NO.You just insult and ridicule my opinions.You buy in to a company JUST BECAUSE YOU THOUGHT IT WAS CHEAP.But in reality NO AMOUNT OF MONEY can fix this amount of damage.BP only has 6 bil in cash.THIS IS A FACT.IT IS ON ALL SITES AS 6 bil.YOU CAN PAY 600 BILLION $ and still never make this right!YOU PUMPERS WANT TO DEFEND BP GO AHEAD.Then go defend HITLER,STALIN,POL POT,And baby dolphin killers.
The bootheel will extort tens of billions from bp.Not millions.This will go the economic victims of bp and the clean up bill.The reason bp is tanking is just the cleanup bill will probably run over $100 billion.bp ain't got that kind of money.They have only $5 bil cash and some credit.
You are clearly mistaken.Hayward publicly stated they have just $5 billion cash remaining.He said he believes this will be more that enough cash for the cleanup.But it is clear to the street and by the cds spreads that that is not true.
they will be lucky to last out the year. but bp longs may well be right that bp survives.it might...but not without a huge recapitalization. that means a share price into the single digits if they are lucky enough to avoid bankruptcy.all pumpers beware.there is no bottome for bp until the cleanup is near completion.that will be years from now.and again they will still need a secondary to make it that far.
Most shorts were blown out on thursday on that big bogus rally.The options open interest show there was way more people betting long on BP than short.So you will not get a short covering rally.
Longs on BP now realize that this will be the largest oil spill in US history.This may well be the largest of all time in the world.By august BP WILL NEED TO RECAPITALIZE.They only have about $5 billion cash left.If they can do a successful secondary by that time they will need a lot of cash.The street will foresee this so BP WILL ALREADY BE TRADING UNDER $10 BY AUGUST.So any secondary will be issued at 10 BILLION SHARES around $5 a share.Raising $ 50 BILLION for cleanup and economic damages that will have by then mounted to over $100 BILLION.
They will BK or recap within the next few months.
Warned over and over and over for weeks now.Now do you pumpers believe???.This old thread was for you to save yourselves.BP IS AN EVIL COMPANY.They will die a horrible death.But not as bad as their employees they sacrified for their greed.
BP is still done for either way.They have already promised to pay for all cleanup costs.They will be forced to pay for economic damages they cannot afford.All told this will run into the 10s of billions.Even BP doesn't make that kind of money when oil it tanking.