here are my prediction we will match it with the result on a day to day basis
1)top kill is not gonna work
-even if the fluid have density twice of water still its fluid and it will tend to shift based on the gushing oil pushing it
-stopping anything from fluid is insane and then trying to think that the fluid will stay in place and they will be injecting concrete shot is plainly blatant
: BP stock is gonna take a severe beating immediately after this failed attempt
2)BP will try to lower the smaller dome in to the leak and try to collect the fuel
-well again its not gonna work even if they have the mechanism to liquidate the ice like crystal...its not a small flow its a pretty big gushing flow and in no time it will have crystal all over and it will float right on top of the sea without any success
BP is gonna take another beating and more beating
3)they are drilling the oil well and its gonna take three months
- its a charade drilling oil well over the depth of one mile is not a mundane task and they will still not get success cause by that time the leak and the complexity related to leak will be so seveere that entire gulf coast will feel the heat along with florida with all the bad things
BP will take extreme beating and will be 20 dollar stock by then
4) US gove intervene and try to take the matter in their own hands
-laughable as they will not be able to do anything ....its mighty ocean and when Lousiana have pissed in their pants with katrina and the levies took forever to close ...this oil situation is no where even close to it
VERDICT : its a disaster and its not gonna get resolved for quiet a few months.....................
BP has very less chances of survivals................
I think you are so Short this stock you are talking your own book.. Negative.. Pessimism… that is all I have been hearing.. The market like clarity and that is what we are going to get. The new PM and Obama can't afford for BP to tank.. now there valuation is at a takeover point and there Will be bidders.. Soon..
Think outside the box and not just the doom and gloom like everyone else.
exactly........the post was written last month based on the action BP was trying to take........it has no connection with my positions..........I still think BP is a very solid company and I would like to be part of it during this chaotic time...................I hate shorts....................I have been burned pretty bad due to short attacks.......