Most of us investors are now focusing on Stock price more, so much that we distrust in the market, investors are expressing lack of faith in the market, many analyst are saying otherwise but the fact is you see investors running to types of companies with solid balance sheets. Surprisingly some folks think BP is a buy, even with the Oil leak problem. BP's borrowing plan is now large as they hope to recover from the Oil leak damage, but there is no sign that BP will file bankrupt even though many outsider think the Oil company BP will not survive the next two year. What is your take on this topic?
Do You think BP will survive
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Has the market turned more national ?
Thursday, June 10, 2010Posted by investingport.com at 10:14 AM 0 comments
Crude Oil Spill and BP.
Tuesday, May 25, 2010The Crude Oil spill at the Golf of Mexico, has created problems all over. British petroleum "BP" is said to be responsible for the spill; should this be the time to point fingers or time to take action?. The Crude oil spill is currently 35 days old, all attempts to stop the crude oil leak has been unsuccessful. BP will attempt another trial to stop the leak today. According to CNN "BP's next attempt to stop the oil leak in the Gulf of Mexico will involve a maneuver called "top kill," in which heavy drilling fluid is to be pumped into the head of the leaking well at the seafloor". We hope this procedure will be successful, is so, it will relieve the golf of Mexico from crude oil poisoning, the oil leak has done a lot of damages already, the stock market is seeing a lot of red, many live stocks are found offshore covered with crude oil, fishes are killed and fisher men's and farmers are disturbed from their daily work. If BP fail to find solution to this problem it will be a severe disaster.
Posted by investingport.com at 8:43 AM 1 comments
Labels: BP, British Petroleum, Crude Oil, Oil Spill
