As long as there is abundant oil in the ground these companies will be there. Where can you find and drill oil without the risk of nationalization, sabotage or war? BP had the very bad luck to have a faulty concrete pour and not discover it in time to prevent this catastrophe. I watched a show called "Conspiracy Theory" about the BP oil spill which said the event was planned. This program was online and if you haven't seen it you might find some of the information to be thought provoking if you don't already know many of the facts mentioned.
If PDT is generating bigger profits, enough to spend on repurchasing 5 million shares, why not raise the monthly dividend instead. A higher dividend who attract more buyers for PDT. Return the cash to the investors . The NAV will take care of its self. Buy backs are often a waste of money due to bad market timing and falling stock prices..
For the past 3 years every time BP price reaches about $49 there is a sell off. Maybe all the big computer programs are set to sell the stock before it gets to $50. This is only a guess.
Warren Buffett recently bought 40 million shares of EXXONMOBIL. If he makes a large purchase of BP stock that would most likely drive BP's stock price higher.
Unfortunately most of the posts on the T message board contain no information about T. Maybe Yahoo can help remedy this ongoing situation.
HAL received a no bid contract to supply the US military for the Afghanistan and Iraq wars. These deals are worth probably $1 trillion. This clearly is one of the most powerful companies in the world. What judge would want to anger this company and its friends?
Halliburton manager will probably be fined $50 and told to avoid such behavior in the future.
Claimant pays $40K and receives $8 million in return. This is a fantastic bargain! I thought the going rate would be at least 30% for the attorney.
If America attacks Syria, a longtime ally of Russia, will Russia confiscate BP's 19% ownership in Rosneft because the British are America's ally? Any thoughts on this possibility?