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Started By
Message
re: BP Bankruptcy?
Posted on 6/9/10 at 9:34 pm to TigerDog83
Posted on 6/9/10 at 9:34 pm to TigerDog83
quote:
or starters they could sell the assets they just bought from Devon recently for $7 billion. I'm sure they have similar non core asset packages all over the world that could be marketed for cash.
they could sale those assets i agree
0
Posted on 6/9/10 at 9:36 pm to CptBengal
CPTBengal...feel free at anytime to elaborate with something other than one word answers such as "FACT" or "FAIL"
Posted on 6/9/10 at 9:37 pm to jennBN
quote:
So then they are in fact a profitable entity that could attract a takeover?
The US arm of a MASSIVE international conglomerate is going to be subject to a hostile takeover...WOW.
quote:
Either they are in good shape or really shitty shape,
No, they are financially sound, the market is reacting to morons who think they are going to go bankrupt. Short the stock, then hold for two years and get P A I D.
quote:
Oh and is the federal govt not seeking an injunction to stop those dividend payments?
Other than it's illegal, and the fact as another poster pointed out that the British Government may have an issue with the US Government interfering. You people have been drinking the Obama kool-aid.
Posted on 6/9/10 at 9:38 pm to jennBN
quote:
jennBN
Show me the last company that paid BILLIONS in dividends right before they went bankrupt....
I'll wait for your response.
Posted on 6/9/10 at 9:38 pm to CptBengal
quote:
he market is reacting to morons who think they are going to go bankrupt.
yep. I shorted the stock 8 weeks ago before the spill. took a huge fricking gamble.
Posted on 6/9/10 at 9:39 pm to CptBengal
I did not vote for Obama FWIW. Thanks for being a total dick and bringing nothing to the table.
Posted on 6/9/10 at 9:40 pm to CptBengal
quote:
NO COMPANY PAYS DIVIDENDS IF THEY ARE GOING BANKRUPT. FACT.
and no company pays claims if they are bankrupt.That what people forget.It seems the government is trying to bankrupt BP
Posted on 6/9/10 at 9:40 pm to sheek
quote:
yep. I shorted the stock 8 weeks ago before the spill. took a huge fricking gamble.
I've been shorting right along after the spill...been getting paid, and when they go back up to the 50-52 range...I'll enjoy the free money market reactionaries have provided.
Posted on 6/9/10 at 9:41 pm to katytigers
quote:
and no company pays claims if they are bankrupt.That what people forget.
In bankruptcy, the company doesn't decide what to pay....Geesh, read people, read.
Posted on 6/9/10 at 9:42 pm to CptBengal
quote:
Other than it's illegal, and the fact as another poster pointed out that the British Government may have an issue with the US Government interfering. You people have been drinking the Obama kool-aid.
Not to mention the endless shareholder lawsuits that would result. Charles Schumer actually had the audacity to write a letter to BP recently in which he suggested that it was "unfathomable" that BP continue paying dividends. The fact a United States senator feels he can decide how a corporation should act financially should be extremely alarming.
Posted on 6/9/10 at 9:43 pm to jennBN
quote:
I did not vote for Obama FWIW. Thanks for being a total dick and bringing nothing to the table.
Then explain to me how the Government has ANY control over how a business deals with dividends in relation to their shareholders....
Again, I'll wait for a response.
Posted on 6/9/10 at 9:43 pm to CptBengal
quote:
In bankruptcy, the company doesn't decide what to pay....Geesh, read people, read
yea tell that to people suing Enron pennies on the dollar is what they will collect
Posted on 6/9/10 at 9:44 pm to katytigers
quote:
yea tell that to people suing Enron pennies on the dollar is what they will collect
Enlighten us on what tangible assets Enron held at their time of collapse?
Posted on 6/9/10 at 9:45 pm to TigerDog83
quote:
Charles Schumer
Posted on 6/9/10 at 9:46 pm to TigerDog83
thats true. How about a Nigerian barge 
Posted on 6/9/10 at 9:47 pm to CptBengal
Just to clarify, I was looking for input not attempting to argue. Some posters here are able to share opinions without feeling the need to belittle others. Congratulations on your profits from the oil spill, I wish I had been able to turn this disaster into a positive bottom line. Unfortunately, my condo is on the beach and so my concern about BP remaining financially sound is a tad bit more personal. In so far as a takeover, I am not sure what parameters make that possible...that would be why I ended the thought concerning a take over with a question mark. Where is hidden flask when you need him? He could at least answer a question with some degree of civility...
Posted on 6/9/10 at 9:48 pm to TigerDog83
quote:
Enlighten us on what tangible assets Enron held at their time of collapse?
BOOM.
I'm excited by this, the market is very predictable concerning BP right now, and those smart enough to realize are making a KILLING.
Posted on 6/9/10 at 9:48 pm to CptBengal
quote:
the company doesn't decide what to pay
yeah ask Chrysler
Posted on 6/9/10 at 9:55 pm to sheek
quote:
yeah ask Chrysler
Chrysler Corp. decided? You sure about that?
Posted on 6/9/10 at 10:05 pm to katytigers
quote:
Enron
You know anything about enron?
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