Between BP's stock price cratering and the possible dividend cut, the Brits are in for some major pain. Its to bad, but like they say...not all your eggs in one basket! Movein on!!!!
You may be interested to know that the largest single shareholding in BP is actually the US - more than 40% of BP shares/ADRs are held by US mutuals, pension funds, 401Ks and private investors.BP pays the US over 6 billion dollars a year in taxes. 26000 people in the US are employed by BP - not including all the suuplier companies.Uk loses, Us loses - we all lose.Happy ?
Too bad about the Brits. Can they sue us because we lured them into Iraq over oil?
just tell them to sell at market. i mean really, this stock is finished.