Quote:
Originally Posted by red sky
So is this a good time to buy BP stock? I mean once they get this thing figured out you would think it should jump up. BP makes a lot of money, the cost won't be too much of an issue but the impact on their reputation will.
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BP may, under the worst case scenario, lose a years worth of profit over this and considering they need that money to drill wells to make even more money I don't think the companies future is too bright. Speaking of bright, one of the main assets they have is the worlds best and brightest people... I know they don't look like it now but the people that are not evolved in trying to fix this mess probably already have plans to jump ship to one of BP's competitors. Although a short term jump may happen when the leak is stopped completely BP will lose market share to its competitors in the long run.