Quote:
Originally Posted by macker
It has lost half of its market cap since April 20, 2010  I guess there are things that could make the stock go higher here but I just can't think of any...I love how people are so convinced that long term things will be fine  April 20th... |
Well, BP's market value has dropped $100 billion in six weeks.
That seems, uh, a little excessive although Goldman Sachs yesterday estimated BP's liability at $177 billion and they would likely file for bankruptcy to protect the company.
http://www.nypost.com/p/news/nationa...hAmd8J476v5sdJ
EDIT: Standard Chartered Bank yesterday said their liability could be $40 billion.
Obviously, lots of differing opinions.
Their biggest problem seems to be that politicians are getting angry this is sticking to themselves and might be bent on revenge.
Cowperson