BP Selling Out - WHAT Happens IF and WHEN?

triguy7 · 07-12-2010, 08:50 PM

BP: New Cap Going on Today; Costs Up to $3.5B

Washington Regulators say they won't stand it the way.

I don't think that will be good for those who have claims....what say you?

jim t · 07-12-2010, 09:08 PM

BP turned $20 Billion over to a federal mediator to pay claims. BP has NO say in who gets paid. They have promised more $$$ if necessary, but we'll see.

Jim

MACPA · 07-12-2010, 09:32 PM

Quote:

Originally Posted by jim t

BP turned $20 Billion over to a federal mediator to pay claims. BP has NO say in who gets paid. They have promised more $$$ if necessary, but we'll see.

Jim

Not quite what is seems...

BP has promised to pay $20 billion over the next 4 years to the tune of $5 billion a year. We'll see how all that plays out.

jim t · 07-12-2010, 09:36 PM

You are correct sir!

BP Establishes $20 Billion Claims Fund for Deepwater Horizon Spill and Outlines Dividend Decisions| Press release | BP

Thanks,

Jim

Worn Out · 07-12-2010, 10:08 PM

I'd sell stuff that I had that would bring a fair price. Their biggest asset is their reserves and holdings... Sell them at best dollar to maintain/ enhance liquidity... It would also be good if people would buy their product instead of knee-jerk boycotting them out of personal frustration and ignorance of simple economics. Every business needs sales to survive .Reserves are only good untill utized or consumed. We need this company to survive so that they can keep the promise they have made to everyone's benefit... They screwed up to an epic level. I think they know that. Be mad . Fine . Don't be stupid... The ones who screwed up will and should be crucified/ jailed for a long time or worse...Good corporations are vital to our way of life. BP will learn, pay and hopefully improve.. I'm done...

sealark · 07-13-2010, 06:19 AM

Quote:

Originally Posted by Worn Out

I'd sell stuff that I had that would bring a fair price. Their biggest asset is their reserves and holdings... Sell them at best dollar to maintain/ enhance liquidity... It would also be good if people would buy their product instead of knee-jerk boycotting them out of personal frustration and ignorance of simple economics. Every business needs sales to survive .Reserves are only good untill utized or consumed. We need this company to survive so that they can keep the promise they have made to everyone's benefit... They screwed up to an epic level. I think they know that. Be mad . Fine . Don't be stupid... The ones who screwed up will and should be crucified/ jailed for a long time or worse...Good corporations are vital to our way of life. BP will learn, pay and hopefully improve.. I'm done...

+1

Damn there is someone else with common sense on PFF.

Sea-r-cy · 07-13-2010, 06:37 AM

I'm sure BP has already set aside a certain amount of money for the clean up. They want to continue to do business in this country.
But, if this clean up drags along with all the government rules and regulations long enough, BP, at some point, will balk, quit paying, and go bankrupt.

Probably BP is divided up into many smaller corporations. The whole company will not go under, maybe just BP America. BP Britain will survive.

Sea-r-cy

Lyin Too · 07-13-2010, 01:43 PM

BP stock has gone up 30% in the last week. They are however, beginning to sell some of their reserves.

Big B · 07-13-2010, 07:41 PM

I dont know if they sold them or if the owners ditched the name to keep business. I cant say I blame them

why1504 · 07-14-2010, 06:47 AM

You better be a Dem contributor if you want any of that $20 billion.

07-12-2010, 08:50 PM	#1
triguy7 Member Ruby Red Lip Join Date: Mar 2008 Posts: 42	BP Selling Out - WHAT Happens IF and WHEN? BP: New Cap Going on Today; Costs Up to $3.5B Washington Regulators say they won't stand it the way. I don't think that will be good for those who have claims....what say you?

07-12-2010, 10:08 PM	#5
Worn Out Senior Member Grouper Join Date: May 2008 Location: Bayou Davenport (AKA John's bayou!) Posts: 643	Well, If I had a big bill to pay that was going to get bigger... I'd sell stuff that I had that would bring a fair price. Their biggest asset is their reserves and holdings... Sell them at best dollar to maintain/ enhance liquidity... It would also be good if people would buy their product instead of knee-jerk boycotting them out of personal frustration and ignorance of simple economics. Every business needs sales to survive .Reserves are only good untill utized or consumed. We need this company to survive so that they can keep the promise they have made to everyone's benefit... They screwed up to an epic level. I think they know that. Be mad . Fine . Don't be stupid... The ones who screwed up will and should be crucified/ jailed for a long time or worse...Good corporations are vital to our way of life. BP will learn, pay and hopefully improve.. I'm done...

07-13-2010, 06:37 AM	#7
Sea-r-cy Senior Member Sailfish Join Date: Oct 2007 Posts: 1,547	bp I'm sure BP has already set aside a certain amount of money for the clean up. They want to continue to do business in this country. But, if this clean up drags along with all the government rules and regulations long enough, BP, at some point, will balk, quit paying, and go bankrupt. Probably BP is divided up into many smaller corporations. The whole company will not go under, maybe just BP America. BP Britain will survive. Sea-r-cy

07-13-2010, 07:41 PM	#9
Big B Senior Member Grouper Join Date: Sep 2009 Posts: 682	I have noticed alot of BP stations changing to Shell I dont know if they sold them or if the owners ditched the name to keep business. I cant say I blame them

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07-12-2010, 09:08 PM	#2
jim t Neptune calls me "Daddy" Grand Slam Join Date: Sep 2007 Posts: 7,350	BP turned $20 Billion over to a federal mediator to pay claims. BP has NO say in who gets paid. They have promised more $$$ if necessary, but we'll see. Jim

07-12-2010, 09:36 PM	#4
jim t Neptune calls me "Daddy" Grand Slam Join Date: Sep 2007 Posts: 7,350	You are correct sir! BP Establishes $20 Billion Claims Fund for Deepwater Horizon Spill and Outlines Dividend Decisions\| Press release \| BP Thanks, Jim

07-13-2010, 01:43 PM	#8
Lyin Too Senior Member Grouper Join Date: Aug 2009 Location: Tuscaloosa/Orange Beach Posts: 1,099	BP stock has gone up 30% in the last week. They are however, beginning to sell some of their reserves.

07-14-2010, 06:47 AM	#10
why1504 Member Ruby Red Lip Join Date: Jul 2009 Posts: 63	You better be a Dem contributor if you want any of that $20 billion.

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