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Strategies & Market Trends : Value Investing
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From: ValueAmigo4/29/2010 11:31:01 PM
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BP traded 85 mil shares. Alot of sheep need to panic only 2.75% of total shares traded today. I expect alot more turnover the next few weeks. BP owns 65% of mc252 well. It is costing about $6 mil a day but will escalate up as efforts intensify. Lets say $10 mil a day for 120 days. 1.2 billion.
.84 qtr dividend $7.7 bil cash from op recent quarter Lets see how far rig falls. Baaaaaaahhhhhhhhhhh.
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