BP is a good buy

[TurkeyWithaSunburn]

Surely Transocean has some responsibility? I mean, if it was their rig to lease, have they suffered any negative equity from this disaster?

Transocean does and they are fighting tooth and nail to limit liability. The rig was a registered "ship" so they are attempting to use a law from 1851 to limit their costs to just recovering the rig itself.
An Oil Drilling Company Even Sarah Palin Can Hate | Mother Jones

Transocean, doomed rig's owner, seeks to limit its liability | McClatchy

How low does the price of BP stock have to go so they'll become a takeover target? :smile:

 

[B_starinvestor]

Is this sort of thread permissible here? On any forum I've ever been a member of, soliciting people to buy anything is a big no-no.

And btw, if you think BP is cheap now, give it a few months, when the oil is washing up all over Florida and is in the Gulf Stream. I say it eventually goes below $30, maybe even $25... Remember, there are criminal investigations now in process, and if BP is found guilty of anything, you're going to see a shitstorm over them being pushed out of the US like hasn't been seen since the Dubai Ports World controversy.

Suggesting that BP is a 'good buy' is a solicitation?

Geez.

 

[b.c.]

Opportunist is still a pejorative if it still means anything at all:

Merriam-Webster:



Wikipedia:



Free Dictionary by Farlex:
I especially like the list of synonyms:

Yes, all quite apropos. But none with quite the imagery of VULTURE, methinks.

 

[B_talltpaguy]

Suggesting that BP is a 'good buy' is a solicitation?

Geez.

Hey I'm not trying to disrespect you or anything, and I certainly didn't report this thread... I'm legitimately wondering about it.

It can be a liability thing for the website's operators. What if some member sees your post, sinks his life savings into the stock and loses his shirt on the deal? This site doesn't have disclaimers posted about such things, and I'm sure you can imagine how some a$$hole attorney would twist things to make the website partially culpable.

 

[TomCat84]

Is this sort of thread permissible here? On any forum I've ever been a member of, soliciting people to buy anything is a big no-no.

And btw, if you think BP is cheap now, give it a few months, when the oil is washing up all over Florida and is in the Gulf Stream. I say it eventually goes below $30, maybe even $25... Remember, there are criminal investigations now in process, and if BP is found guilty of anything, you're going to see a shitstorm over them being pushed out of the US like hasn't been seen since the Dubai Ports World controversy.

Oh stop it

 

[B_OtterJoq]

The silver lining is that you can now profit on this disaster.

I wonder what it's like not having a conscience.

 

[B_starinvestor]

Hey I'm not trying to disrespect you or anything, and I certainly didn't report this thread... I'm legitimately wondering about it.

It can be a liability thing for the website's operators. What if some member sees your post, sinks his life savings into the stock and loses his shirt on the deal? This site doesn't have disclaimers posted about such things, and I'm sure you can imagine how some a$$hole attorney would twist things to make the website partially culpable.

If somebody is pinning their retirement dreams to advice being disseminated on the Large Penis Support Group I really would feel bad.

 

[invisibleman]

The catastrophe is horrible, disgusting and heinous.

I'm pretty sure BP didn't do it on purpose, but still - shame on them. The silver lining is that you can now profit on this disaster.

Profitable?

Maybe for scientists...maybe for environmental cleaning enterprises. Hospitals.

 

[sbat]

The reactions to starinvestor's investment advice beggar a comment on some other thread accusing this site of being conservative...I think it was the "most corrupt politicians from 2009"

 

[sbat]

^ That, in a nutshell is what's wrong with America today!

Not uniquely American, and not at all unique to modern times.

Whenever there is a disaster, there is ALWAYS someone who benefits.

 

[vince]

Conspiracy theory view:- rich elite see way to profit on accident by making a big deal about it all being BP's fault as opposed to any other company so they can buy cheap shares or whatever.

It is BP's fault. 100%. Doesn't matter if the contractor fucked up. BP is responsible and liable for their work.

The silver lining is that you can now profit on this disaster.

Too bad we aren't all as savvy as Tony Howard...

"Tony Hayward cashed in about a third of his holding in the company one month before a well on the Deepwater Horizon rig burst, causing an environmental disaster.

His decision, however, means he avoided losing more than £423,000 when BP’s share price plunged after the oil spill began six weeks ago.

Since he disposed of 223,288 shares on March 17, the company’s share price has fallen by 30 per cent. About £40 billion has been wiped off its total value."

(more fodder for your conspiracy theory Mitchy)
BP chief Tony Hayward sold shares weeks before oil spill - Telegraph

I wonder if Tony is buying?...

Can someone please tell me who BP are drilling the oil on behalf? Its deep sea drilling right? Is that within US waters?

On behalf of the shareholders. On behalf of the executives whose pay packets and bonuses depend on them maximizing profits. On behalf of anyone who consumes oil or products derived from oil.

But mostly the first one... the shareholders.

Is it true they may suspend the quarterly dividend payments? This issue is particularly critical in Britain, where BP's $10 billion worth of annual dividend payments make up a large chunk of income for British investors and pension plans. BP alone made up $1 of every $7 in dividend payments paid in the U.K. last year.

 

[B_talltpaguy]

^Has anyone seen my mini-violin? I was going to play a small tune for BP's investors, because I almost care....

Sounds like BP's investors should be demanding more than just maximum profits. Sounds like they should be demanding profits that are fully compliant of all laws and industry regulations.

 

[FRE]

^Has anyone seen my mini-violin? I was going to play a small tune for BP's investors, because I almost care....

Sounds like BP's investors should be demanding more than just maximum profits. Sounds like they should be demanding profits that are fully compliant of all laws and industry regulations.

Shareholders of a company have very limited influence over the company.

 

[FRE]

Is this sort of thread permissible here? On any forum I've ever been a member of, soliciting people to buy anything is a big no-no.

That should not be a problem. The person who suggested that BP would be a good buy would not be profiting from BP sales so it's not actually a solicitation.

 

[B_talltpaguy]

^I'll have to remember that one... Advertise whatever you want, just so long as you're not personally vested in it.

So, companies and websites my friends own are a-ok for solicitation here... Good to know!

 

[B_talltpaguy]

Shareholders of a company have very limited influence over the company.

Then perhaps stock investors shouldn't be investing in corporations where their income in said investment is wholly dependent upon the actions of others.

 

[Sergeant_Torpedo]

Slavery and child prostitution in Victorian England were both profitable; doesn't make it right.

 

[798686]

BP is goodbye?

 

[B_starinvestor]

Slavery and child prostitution in Victorian England were both profitable; doesn't make it right.

slavery and child prostitution are illegal. Buying a publicly-traded stock is not.:smile:

 

[FRE]

Then perhaps stock investors shouldn't be investing in corporations where their income in said investment is wholly dependent upon the actions of others.

Where would you suggest investing to avoid being dependent upon the actions of others?

Even hiding one's money in a mattress makes one dependent on the actions of others. That's because inflation would reduce the value of the money hidden in the mattress and inflation is dependent on the actions of others. Even the value of gold is dependent on the actions of others, so buying gold would not solve the problem either.

Have you invested your money in such a way that the returns or value are not dependent on the actions of others?