re: BP told feds it could handle oil spill 60 times larger

quote:

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If I owned stock in this company, I would sell it now. BP is going to be broke after this is all over.

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Not sure what you base that on. Check out the reported revenues for BP last year. Close to $240 billion dollars. Profit in 2009 of close to $14 billion. Even if this thing costs BP $20 billion dollars it will take decades to settle claims and BP has plenty of assets to sell down if the expenses grew even further. Making claims about how BP is "going to be broke" because of this are unfounded and probably incorrect.

Here is some info, although I'm sure the 10-K and other filings offer more.

BP quick facts