posted on Jun, 2 2010 @ 09:38 PM
reply to post by Lostinthedarkness
British Petroleum is a British company, Obama can't and wont take them over.
reply to post by zysin5
I think if there were deaths or destruction on an important oilrig for one of the big three oil companies it would cause the stock price to drop a few
dollars over a couple of weeks. If it is international news like it is in the Gulf of Mexico with a lot of damage to the ecosystem and economy, then
there would be a lot more people selling and the stock price would drop significantly like it has been.
However, there is no way Goldman Sachs and the other huge trading firms could have known to sell their shares of BP right before the oil leak unless
they knew something was going down. That would be insider trading and market manipulation.
Now it could have been their plan all along to buy BP in 2009 and sell BP early in 2010 when they thought the stock had reached its peak on its latest
bull surge upward. But it also could have been that it was TPTB’s plan to collude together by buying huge shares of BP then ride it up to the top
as far as it could go and sell. Then cause a major mishap that would sink the price of BP's stock, which would force everyone else to sell their
shares or lose their money.
Because BP is such a huge, international company you would expect them to regain their value in a year or two, unless this oil leak and lawsuit get
really out of hand. However, pretty much every investor in their right mind would not be willing to sit there with their investment plummeting and
I think they want it to be bad enough in the short-term to drop the price to force you to sell, but not so bad that in the long-run they ruin the
company completely in our eyes. We Americans might retaliate by not pump gas at one of BP's gas stations for awhile, but other countries that
aren’t as affected as us wont, nor do they have many other choices for gas. BP has a greater share of the market outside of America than they do
inside. So, BP would still be one of the world’s great corporations.
If the stock price goes below 30$ or even 20$ and everyone sells their shares, then there will be a vast amount of shares sitting there unsold for a
third the price they were once worth. This would set the table for TPTB to purchase many more shares for a faction of the cost to gain a greater
stake in the company. And this would set them up to make boat loads of moolah when the stock price regains its form and triples back to what it was
worth in the future.
[edit on 2-6-2010 by tooo many pills]