SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: Keith Feral who wrote (134865)6/14/2010 11:15:31 AM
From: tom pope1 Recommendation  Read Replies (2) | Respond to of 206181
 
And the retirees here and in the UK who depend on the dividends?

To be clear, I don't own BP, and don't plan to.



To: Keith Feral who wrote (134865)6/14/2010 11:21:17 AM
From: Salt'n'Peppa6 Recommendations  Respond to of 206181
 
" It seems like the same bad risk as buying AIG on the way down."
I don't agree.
AIG was and is insolvent.

BP has >$200 billion in assets and generates a very real $30+ billion in revenue annually.

Hardly the same thing as AIG.

BP is down due to sentiment and fear. Outside of their GOM operations, this has ZERO to do with their bottom line and ability to operate as a company.

S&P



To: Keith Feral who wrote (134865)6/14/2010 12:31:07 PM
From: William JH8 Recommendations  Read Replies (1) | Respond to of 206181
 
<The only shareholders left in BP are the one's trying to make a fast buck.>

You seem to know just about everything about this situation.