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

To: not_prudent who wrote (134867)	6/14/2010 11:25:37 AM
From: patron_anejo_por_favor	3 Recommendations Read Replies (2) \| Respond to of 206179

>>IMO the best that can happen right now is that BP PROPOSES an escrow account with an annual contribution equivalent to the current divvie until all claims/costs/fines/penalties are paid for.<< Obama's gonna go Hugo Chavez on their arse......

To: not_prudent who wrote (134867)	6/14/2010 11:29:40 AM
From: Salt'n'Peppa	1 Recommendation Read Replies (1) \| Respond to of 206179

n_p, I just checked. They aren't brass. Read the Citigroup notes that Dennis posted just now. That pretty much sums up my sentiment on trading BP in the ST. An escrow account holding $35 billion (a huge amount of money in case we have all forgotten!) still only represents half of BP's annual cash flow from operations. I am not fighting sentiment which is decidedly negative, but at the same time I recognize the real value in BP at $30. It will bounce around a lot and that is where the ST money will be made. S&P