BP (NYSE:BP) stock continues to get crushed, as it fell to new lows in the midst of ongoing sell-offs.
The share price fell to a new 52-week low Thursday, falling as far as $28.56 during the session, before closing at $28.74 a share, a 3.1 percent drop.
Since the explosion the the Deepwater Horizon on rig on April 20, the company stock has fallen 52 percent.
Although some analysts have called the stock a "Buy," it's hard to imagine what they're basing that on, as until a firmer grip on the costs of the oil spill happens, it's completely a guess as to what it could ultimately cost BP, and if they'll even survive.
11 comments:
I reiterate my "Idiot" rating on your articles.
Seconded
Turded
well at some poinnt bp has to be a buy
Yeah, it's a buy when it's BELOW zero. They'd have to pay me to lend them money. Who would admit to being a shareholder? When he says they might not survive, he means they'll get split/raided/killed in the marketplace/file for chap 11 simply to buy time.
I am proud to be a BP shareholder. I bought a few thousand dollars worth of stock when it was at $29.
Accidents happen - do you really think the someone went out and intentionally cause this disaster? Um highly unlikely since they have lost 52% of their worth don't you think?
Why are you reading BP stock articles anyway?
And if you're not happy the writers articles why do you keep reading them?
You're like a Perez Hilton hater that hits his site daily.
I have been buying puts on BP since the beginning of June and I've been making a killing. BP right now has so much going against it and until they get the giant oil gushing hole in the middle of the ocean closed, they're going to suffer. Any idiot could see that, think about it, if that wasn't the case it would still be trading at 60. Now then, when they do shut the hole: Short term Calls will be in place. Buying BP now is pure speculation, don't fool yourself.
Ill buy BP, @ $5 a share.
I AM A PROUD BP SHAREHOLDER BOUGHT THE SHARES @ $85 STILL HOLDING ON TO IT! MAKING MONEY ALL THE WAY DOWN TO ZERO.
I've been a BP stockholder since they merged with my AMOCO shares back in 1989 or so. They've always been a strong growth fund and paid good dividends. I hate to see them in this situation and look forward to them pulling through. With all the technology we have available now, it should be feasible, but may take time.
The cost of this spill would EASILY surpass the value of this company, if the company is truly forced to mitigate the actual damages. To think otherwise is to have your head buried in the oily sand.
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