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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (3079)	8/20/2019 8:19:12 PM
From: GPS Info	Respond to of 13801

...former CEO John Brown (Baron Browne of Madingly) largely destroyed the company by slashing their engineering staff to the point of inability and relied in financial engineering rather than good business, resulting in bad deals with Russia and the Gulf disaster. Thank your for the background. I have read a lot of JimisJim posts and he has never had anything good to say about BP. Here is a short list from today's search: BP ended up paying tens of billions of dollars in an effort to not spend $10 million to complete the well the right way — the way RIG suggested, Halliburton and SLB and most of the sub contractors were urging the BP capt to do Message 32199638 I know I won't change anyone's mind about ENB, just as I never changed anyone's minds about BP -- they are similar in many ways: in my 35 years of working in offshore oil and gas, these two outfits far and away were the most often cited as the most poorly run outfits when it comes to public safety and preventing preventable "accidents" by (IMO) doing close to none or only 30% of the operational safety measures that almost all other operators/competitors employ as a matter of course. Message 32198972 ... most here know I wouldn't touch BP if I were paid to (and they were a regular customer of both OSX companies where I spent most of my career and dealt with them up close and personal regularly since the late 1980s... Message 32058569 Personally, I would never own BP... 2nd chances are one thing, but they’ve had multiple 2nd chances and from what I saw in the time between Deepwater Horizon, and my retirement last year, I saw no indication IMO that anything has changed in that org. Message 31592043 I hope he doesn't mind these citations.