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BP p.l.c. Message Board

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  • wootangclanage wootangclanage Aug 15, 2012 9:14 PM Flag

    IN less than a decade, BP will be history

    I understand BP is trying to say they are leaner meaner safer, but in the end, really, do you trust a management that drops the ball over and over? They are unloading assets they spent billions investing in. The upgrades to the TCRefinery amount to more than a billion. The gas assets are being unloaded where the market is at the bottom, and how are GOM fields non strategic assets? They are producing. Why pull the plug unless BP is desperate for cash? TNK bp is a mess, and there is no end in sight to the litigation from GOM, DWH. So you tell me, how is this stock a buy at this level? To say the least, it's a risky bet, and you do keep betting on a horse that isn't a winner? The fact is. This administration is going to bankrupt this company. The Russians are going to keep the dividend. And Bp will be broken to pieces after declaring chapter 11.

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