Tilted Forum Project Discussion Community - View Single Post - Louisiana Oil Rig Fire / Gulf of Mexico Oil Spill

aceventura3 · 07-27-2010, 11:38 AM

Perhaps to prevent some people from injecting BP into other posts, I am back - primarily to be a nuisance to the flawed ideology littered throughout this thread.

BP has been focused on stoping the leak, and from the beginning everyone knew it would take about 90 days.

BP has also been working equally hard on PR. The TV spots where obvious. It became clear early on that Hayword was not up for the job - his firing is not surprising. When Dudley assumed the lead role or became the "face" it was clear that he was going to be the next CEO. Again no surprises.

The act of genius was when BP agreed to the $20 billion compensation fund to be administered by the government. In one stroke they transferred all the negative implications of compensating victims over to the government. They will not have the on-going negative PR of denying claims. This move was surprising, and surprising how eagerly Obama jumped on it. This will cost him and his administration.

BP is planning on selling $30 billion in assets, the company will be leaner - but still produce over 3.5 million barrels of oil per day. And they have taken a $32 billion dollar loss in their latest quarterly earnings, clearing the slate for future clean financial reports.

BP still has a long and difficult fight ahead of them, but so far they are making the right moves to save the company and enhance share-holder value. The share price has seen its low, of about $27 per share, now at about $37-$38, the 12 month peak was about $62. Sell Obama, buy BP.

07-27-2010, 11:38 AM	#533 (permalink)
aceventura3 Junkie Location: Ventura County	Perhaps to prevent some people from injecting BP into other posts, I am back - primarily to be a nuisance to the flawed ideology littered throughout this thread. BP has been focused on stoping the leak, and from the beginning everyone knew it would take about 90 days. BP has also been working equally hard on PR. The TV spots where obvious. It became clear early on that Hayword was not up for the job - his firing is not surprising. When Dudley assumed the lead role or became the "face" it was clear that he was going to be the next CEO. Again no surprises. The act of genius was when BP agreed to the $20 billion compensation fund to be administered by the government. In one stroke they transferred all the negative implications of compensating victims over to the government. They will not have the on-going negative PR of denying claims. This move was surprising, and surprising how eagerly Obama jumped on it. This will cost him and his administration. BP is planning on selling $30 billion in assets, the company will be leaner - but still produce over 3.5 million barrels of oil per day. And they have taken a $32 billion dollar loss in their latest quarterly earnings, clearing the slate for future clean financial reports. BP still has a long and difficult fight ahead of them, but so far they are making the right moves to save the company and enhance share-holder value. The share price has seen its low, of about $27 per share, now at about $37-$38, the 12 month peak was about $62. Sell Obama, buy BP. __________________ "Democracy is two wolves and a sheep voting on lunch." "It is useless for the sheep to pass resolutions on vegetarianism while the wolf is of a different opinion." "If you live among wolves you have to act like one." "A lady screams at the mouse but smiles at the wolf. A gentleman is a wolf who sends flowers."