BP Plc (BP)

[z4lover]

Can I ask why this angers you so much?

It looks like BP and others involved will be on the hook for every dime of what needs to be fixed here. And that the government is going to really tighten down on security and safety measures, of which they were very lax on.

I know it is very sad that this happened. and BP is part to blame. But to destroy the company as you are suggesting does not make sense.

We have already seen the Market cap be reduced by aprox 40.7 billion dollars. now I don't know about you but I would be SHOCKED if the clean up and everything cost the company 40.7 billion or reduced the value of the company by that much.

But by all means short the stock if you feel that is what is needed.

See the thing you forget is we have a nation of people who don't remember... give it a few years 3-5 and people will have forgotten this even happened. just as they did Exxon's issue.

At some point though this becomes very very attractive... over 7% yield