What chance is there of BP being found liable for Gross Negligence (and getting nailed for Punitive Damages)?? I've heard something recently about this possibility. Has this been priced in to present stock value??
No chance now that blow out preventer has been found defective. BP will get money from Transocean (RIG). Note today 2 of RIG's employees took declined to testify.Everything is already priced into BP. This stock should be at least 70. Someday. Turns out this oil spill wasn't as bad as Exon Valdez.
Not at all now that the blow out preventer has been found to be defective.
extremely difficult to prove, so I would guess the chances are very small. yes, it has been priced in with recent decline before today's upgrade.
Maybe, But only if the FBI would bring persecution of the beneficiaries of this political corruption by the oil companies.