Super User SirSnookalot Posted June 11, 2010 Super User Posted June 11, 2010 BP's share price has plunged by as much as 49 percent losing tens of billions of dollars off its market value since the accident on April 22. That's a 13 year low for the stock. Doesn't sound like record profits to me. Revenue minus all expense = profit or loss. There has been some talk of this company going under, I don't think so. IMO they will somehow weather the storm, if not the British government may go to it's rescue, many many pensioners in England are dependent on this company surviving. Quote
tyrius. Posted June 11, 2010 Posted June 11, 2010 Revenue minus all expense = profit or loss. There has been some talk of this company going under, I don't think so. IMO they will somehow weather the storm, if not the British government may go to it's rescue, many many pensioners in England are dependent on this company surviving. Someone will buy them before they go under. Exxon has tons of cash lying around. If the stock price drops much more they'll be swallowed up. Quote
frogtog Posted June 11, 2010 Posted June 11, 2010 I'm at home still trying to fix the leak. If someone doesn't come up with something soon we won't have to worry about stock prices. Quote
Super User Root beer Posted June 11, 2010 Author Super User Posted June 11, 2010 I'm at home still trying to fix the leak. If someone doesn't come up with something soon we won't have to worry about stock prices. I'm engineering illiterate. . By the way, you didn't answer my previous question about your idea. Quote
frogtog Posted June 12, 2010 Posted June 12, 2010 I'm engineering illiterate. . By the way, you didn't answer my previous question about your idea. Quote
Super User Hookemdown. Posted June 12, 2010 Super User Posted June 12, 2010 I thought it was funny. (Note: contains profanity) Quote
Super User SirSnookalot Posted June 12, 2010 Super User Posted June 12, 2010 Revenue minus all expense = profit or loss. There has been some talk of this company going under, I don't think so. IMO they will somehow weather the storm, if not the British government may go to it's rescue, many many pensioners in England are dependent on this company surviving. Someone will buy them before they go under. Exxon has tons of cash lying around. If the stock price drops much more they'll be swallowed up. Yep, talk of them being a hostile takeover candidate. In the long run those that work for BP in the United States will keep their jobs, but with all M&A some positions will be eliminated due to redundancy, that's capitalism. Quote
Super User Root beer Posted June 13, 2010 Author Super User Posted June 13, 2010 Here it is: http://online.wsj.com/article/SB10001424052748703433704575303064169769730.html?mod=WSJ_hpp_MIDDLETopStories Quote
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