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BP p.l.c. Message Board

  • vikkitrader vikkitrader Jul 27, 2013 10:28 PM Flag

    Share Price Ready to Fall This Week

    Read today's article in UK Daily Mail - on Tuesday BP will report drop in profits this quarter due to litigation expenses.

    It's only going to get worse...and worse and worse.

    Short now, thank me later!!

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    • The article in UK Daily mail indicated BP appeared to 'gain an edge' over its liability battle

      • 1 Reply to thelees213
      • Let's be clear about what the article said. It's called "BP Profits Down as it Waits for New Trial." The article states:

        "Britain's premier oil firm, BP, will report a dip in profits for the second quarter of the year as the bill for the Deepwater Horizon oil rig disaster continues to take its toll.

        On Tuesday, BP chief executive Bob Dudley is set to report profits down slightly for the three months to June compared with last year, when profits were $3.6 billion (£2.4 billion) and down, too, on profits for the first quarter of 2013 which came in at $4.2 billion.

        But BP, which has taken the brunt of the blame in America for the disaster, received a potential boost when its US partner in the Gulf of Mexico oil well, Halliburton, confessed to destroying evidence relating to the disaster."

        The question that a investor would need to ask is, if the liability costs are hurting earnings now, when the settlement payouts are still coming out of the $20 billion trust BP already paid for, what happens when that $20 billion runs out?

        Listen now, thank me later!!

        Sentiment: Sell

    • To see the likely outcome of BP reporting a less than stellar quarter, I think you can look at Intel's recent results; the company reported lower than expected and traded down for 3 days. now it's back up.
      As for shorting BP, sell on the rumor and buy on the news was sooooo four years ago! Today, it's a losers game.

    • OMG- Daily Mail for investment ideas! Vikki you will be penniless soon!!!

    • vikki - for every negative article you can dig up, there are 5 positive. as your short position continues to worsen, you continue, and accelerate, your negative postings. you continue your tirades and your inane comments. you are fast slipping into the category known as Low Life. pathetic.

      • 1 Reply to nadsmis
      • Sorry if bad news about BP makes a long investor uncomfortable, but I posted facts.

        BP will report Tuesday that it will miss earnings due to litigation expenses, based on that UK article.

        Some people appreciate getting advance notice on a stock message board. Others are bullies who just want to hear good news.

        Let's see what happens Tuesday. When I'm right my followers will like me more and you can then kindly SHUT UP.

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