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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: DewDiligence_on_SI who wrote (133542)	6/2/2010 9:57:24 AM
From: microhoogle!	Respond to of 206175

If dividends are suspended, attractiveness to stick with BP stock through thick and thin is lost - especially in thin times like this where stock price will sell of significantly further. However I agree with you - better not to make a pledge either way if possible.

To: DewDiligence_on_SI who wrote (133542)	6/2/2010 10:01:36 AM
From: Keith Feral	1 Recommendation Read Replies (2) \| Respond to of 206175

I totally agree. BP's "juicy" dividend carries a badge of shame. It's basically telling the world how much they screw their customers at the gas pump. BP could not have picked a worse time for the spill. Soon, the politicians will be all over oil companies suggesting that they privatize public resources for personal gain. Governments are desperately looking for resources to tax, may as well go after the oil companies.

To: DewDiligence_on_SI who wrote (133542)	6/2/2010 10:49:00 AM
From: chowder	2 Recommendations Read Replies (1) \| Respond to of 206175

Re: BP dividends ... >>> I would suspend dividend payments until the company can get a better handle on the scope of the liabilities. <<< If they suspend that dividend, the price may crash! A lot of income funds may have to liquidate.

To: DewDiligence_on_SI who wrote (133542)	6/2/2010 1:12:29 PM
From: Dennis Roth	1 Recommendation Respond to of 206175

>> A dividend suspension might even repair the company’s public reputation << Only in the U.S. It would be the politically smart move in terms of U.S. politics, but not in the U.K. where despite the British government selling its entire holding in BP between 1979 and 1987 is still widely held by the public and, as Mike K's repost of a UK Express article showed, is a pension fund favorite. They would have Carl-Henric Svanberg's (Chairman) head on a stick.