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With this current administration, it would not surprise me if the Feds take it over and Nationalize it's holdings... all for the good of the American taxpayer.
I see exactly that happening, and , as it should be so. This damage to our Country is a national issue. There is NO oil company big enough to take the responsibility, nor should their be, regardless the cost or amount of the damage.
People just do not understand what has happened and will happen. The issues are little different than an attack on our shores by a foreign power. In-fact, BP IS a foreign power. They WILL be nationalized. The news could come this week. Stay tuned.
I see exactly that happening, and , as it should be so. This damage to our Country is a national issue. There is NO oil company big enough to take the responsibility, nor should their be, regardless the cost or amount of the damage.
People just do not understand what has happened and will happen. The issues are little different than an attack on our shores by a foreign power. In-fact, BP IS a foreign power. They WILL be nationalized. The news could come this week. Stay tuned.
I think the poster was making a joke. Obama will not be taking over BP.
I think the poster was making a joke. Obama will not be taking over BP.
I think you are wrong, plain and simple. If you lived on the Gulf , you might be singing a different tune.... Just wait until the oil invades the whitest sand in the hemisphere, the Florida Panhandle. Obama will not go down alone, its His watch, his problem, heads will roll !
Location: Visitation between Wal-Mart & Home Depot
8,309 posts, read 38,787,526 times
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Quote:
Originally Posted by darstar
I think you are wrong, plain and simple. If you lived on the Gulf , you might be singing a different tune.... Just wait until the oil invades the whitest sand in the hemisphere, the Florida Panhandle. Obama will not go down alone, its His watch, his problem, heads will roll !
Yep. If you bend over for the Chinese you can always take it out on the Brits.
I seriously doubt that the Fed has any real interest in anything other than threatening rhetoric.
To get back to the original topic here, the closer BP stock gets to my revised $35 target price, the more I start to see XOM as the better opportunity right now. It seems to have dropped with the market, and is now significantly off of both its 52 week and historic highs. Add to that the merger with XTO which gives them a strong presence in natural gas, the decent 2.9% dividend, and the lack of a decade of lawsuits to endure, and they may be the better bet right now. JMHO, but if you already own BP hold it, but if you're looking to buy, take a look at XOM.
up almost 8% as of this morning from that low..... hope you sold those options....
And this makes sense to you? Institutional trading can manipulate from their pools, and sucker others in, and then pull the plug on those that think the worse is over, rather than yet to come.
This well won't get capped successfully. It took tens months for ixthoc (less than 200' deep) in the late 70's and there has been very little if any tech. advances to benefit today.
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