They kept no retained earnings and they pumped the day lights out of this stock. 3 billion in upgrades to meet EPA standards and booking 250 million in goodwill as profit 2nd quarter killed them and killed those that bought it
And they are going to lose 7 this quarter
Because of the cost to meet EPA standards
They will never complete by the time winter heating oil is needed
Price target $10
BP has been directly involved in several major environmental and safety incidents. Among them were the 2005 Texas City Refinery explosion, which caused the death of 15 workers and resulted in a record-setting OSHA fine;
total cost was 2 billion.
BP unjustifiably failed to comply with well-established industry standards for safe operations in process safety management in order to save money, and at some point management itself should be forced to answer for it," #$%$ said in a prepared statement.
someone said $38 is a good point of entry..............not even closes...............$18 billion is 6 to 8 bucks a share
Final settlement in the damage phase will be close to 30 to 40 billion..just ask Obama
Take another $15 dollars off the share price. BP was a 100 billion dollar company......the blood in the water will stop around $25...it will take them 10 to 30 years to recover. I liked the company for the longest time...I made alot of money...I bailed
Like I said the EPA has put up sensors all around VLO TSO and other US refineries.......when those alarms sound.........from flaring or benzene or some other chemicla....look out below. None of these refiners could afford to pay what BP is about to pay...derailed trains...deaths.....I finally figured out why the big oils got rid of some of these refineries......the ROI is not worth the risk
another Great headline is Russia, Ukraine Working on Cease-Fire Plan
Why does Russia have to work on a ceasefire if their troops are not involved?
Bottomline, the Ukraine is part of Russia, the Ukrainians will never stop fighting the Russians and their Government will fall and become Pro Russian.
The us has been living for 25 years on Reagons achievements, its over. Remember the cold war.
Nato is the enemy of Russia, the truth is when Russia collapsed, Nato should have been dissovled. Instead Nato had a 25 year expansion. What would the US do if Mexico fell to the communists and Canada turned communists. Obama says the US will defend the Baltic states. I think the people need a say in this matter.
This will be the end result. The Ukrainians should put a deal together with the Russians, In two years we will have a new President. Great Britain will have a new leader, so will Canada France and Germany and for that matter Putin may be gone also. We the people of humanity have final say. Not 7 people who think they rule the world
I said this company lost $5 a share last quarter. Helloooooo they never accounted for the $3 billion to 4$ billion now upgrade to meet EPA standards. You deserve to drop another 10 points.
Russia is not going away
Yes their will be war
Stop being so arrogant that you really think your money means something
You are about to lose every penny on this company
Get out of the market now
They will nuke Keiv in order to avoid war.
Markets do not like nukest
“The Russian side has threatened on several occasions across unofficial channels that, in the case of continued resistance they are ready to use a tactical nuclear weapon against us,”
Syrians killing their own people, US bombing ISIS and Iran is going for a land grab and the US is backing the Grand Allyatolah as Isreal steals land from the Palastinians 15 nations are now fighting in Ukrain and the stock futures show they are up 6 points.
There is going to be more then a correction here
For sale One bomb shelter never used $1,000,000.00
Only the FED is trading with the FED and they have alot of staff to pay at every brokerage house.........Watch them start to short the market
there debt double since then and their earnings cut by 2/3
they were making 10 a share now they have to say when they report...from continued operations we made $1.22 a share we had a 66 million dollar loss closing aruba and we have 3 billion in costs to fix our epa issue but we had $1.22 in earnings without these items taken out. If you take out the iteems..they lost $5 a share last quarter
new healthcare bills trippled (it means if you had a $500 a month bill it is now $1500)
companies have to cut workers (less consumers)
Car loan failure up 70 percent
freddie mac and fannie mae say the next shoe to drop is mortgages again
Your tax bill went up
if you had money 5 years ago the probability you have it today is 100 percent it is gone
Markets are peaked...next leg down will be no less then 50%
Russian war with ukraine
All of these issues will blow the doors off this market
shes definitly not in charge
Unemployment is to high and wages to low
Profits of corporations are being evaported
Like the way VLO lost $5 a share last quarter
They are doing everything they can to keep your money or keep you in the market
They are about ready to drop the guillotine which is a machine for decapitation which pre-date the French Revolution. BON JOUR OR BONZAI! rESULTS ARE THE SAME
you are playing with fire with this stock
Its all about the earnings and the quality of the debt. We had a great opportunity to clear the debt we had before 2007 but we did not use the money wisley
Debt quality is horrible and the ability to repay will prove to be the final nail in the coffin
However, the lack of earnings or a drastic reduction in earning will accelerate those stocks that are debt ridden. Ultimatly the good companies will be thrown out with the bad companys
Next level of support for the DOW will be 8700
Get your minds right and get your head behind it it is going to happen very soon
I wish all of you G/L
You truly need to brace yourself