Head-Fi.org › Forums › Misc.-Category Forums › Members' Lounge (General Discussion) › What BP Could Have Bought with the Money They Lost
New Posts  All Forums:Forum Nav:

What BP Could Have Bought with the Money They Lost

post #1 of 18
7/31/10 at 10:17pm
Thread Starter 

I was browsing the interwebs and came across this. I honestly didn't realize how much money BP had lost due to the Deep Horizon fiasco. It's really quite impressive and puts it into perspective.

 

Anyway, here's the link.

http://www.visualeconomics.com/what-bp-could-have-bought-with-all-the-money-they-lost/

 

Note it doesn't include cleanup costs just the loss from stock.

Reply
post #2 of 18
7/31/10 at 11:56pm
I still worry that we're going to get stuck with the bill. I would not be surprised if BP dissolves with the profitable parts going to other companies on the cheap while the mess gets socialized to the taxpayers.
Reply
post #3 of 18
8/1/10 at 12:06am

Anyone care for a new job?

BP is looking to hire a new spokesperson to serve as the chief media contact for the oil giant's Gulf Coast clean-up efforts.

 

http://money.cnn.com/2010/07/30/news/companies/BP_spokesperson_worst_job_on_earth/index.htm

Reply
post #4 of 18
8/1/10 at 1:28am

Interesting, I didn't even expect some of those. Especially the last two, heh.

Reply
post #5 of 18
8/1/10 at 6:26pm
Thread Starter 

Quote:

Originally Posted by Uncle Erik View Post

I still worry that we're going to get stuck with the bill. I would not be surprised if BP dissolves with the profitable parts going to other companies on the cheap while the mess gets socialized to the taxpayers.


I know what you mean. Maybe I'm too optimistic but I don't think BP will dissolve (as long as they're smart about it) as they are reasonably solid and their recent quarterly report wasn't as bad as expected so they should be able to weather this as long as nothing else major happens to them. However, it is a major blow to them even without potential fines so they will be pretty well crippled for a while. There should be some changes coming for the oil industry though.

Reply
post #6 of 18
8/1/10 at 7:01pm

Yeah, they probably could have bought the rest of Congress.

Reply
post #7 of 18
8/1/10 at 9:27pm
Quote:
Originally Posted by NapalmK View Post

Quote:


I know what you mean. Maybe I'm too optimistic but I don't think BP will dissolve (as long as they're smart about it) as they are reasonably solid and their recent quarterly report wasn't as bad as expected so they should be able to weather this as long as nothing else major happens to them. However, it is a major blow to them even without potential fines so they will be pretty well crippled for a while. There should be some changes coming for the oil industry though.


Why would they dissolve the whole company when the only problem they have is with a small part of their U.S. operations?

 

I expect them to sell off their U.S. operations as soon as the gulf problem is fixed not because of any liability risks or cost issues but because of the long term damage to their share price and their reputation if they stay in the U.S.. 

 

Reply
post #8 of 18
8/1/10 at 10:43pm
Quote:
Originally Posted by beerguy0 View Post

Yeah, they probably could have bought the rest of Congress.


the rest?  I don't think 2 senators is that expensive

Reply
post #9 of 18
8/2/10 at 8:49am
Thread Starter 

Quote:

Originally Posted by frozenice View Post

Why would they dissolve the whole company when the only problem they have is with a small part of their U.S. operations?

 

I expect them to sell off their U.S. operations as soon as the gulf problem is fixed not because of any liability risks or cost issues but because of the long term damage to their share price and their reputation if they stay in the U.S.. 


They wouldn't. Sorry if I was confusing, I guess I should have stated that it was mainly the US branch that I was referring to. If anything is going to dissolve it would be the US operations. I'm not sure their image will be tainted too terribly bad in the long term. Of course it will take a lot of time to regain trust but I don't think their business will be hurt too bad. The US operations are still profitable so I don't see them exiting the market anytime soon.


Edited by NapalmK - 8/2/10 at 9:23am
Reply
post #10 of 18
8/2/10 at 11:55am

Ice cream sandwiches and wolf t-shirts?  All right!

 

But really, that's scary.  12 digits?  What do you call that? (million, billion, trillion...)

Reply
post #11 of 18
8/2/10 at 2:43pm

Eh, I call BS with how they are measuring "loss". BP has not "lost" $100,000,000,000....the discounted value of liabilities is going to be nowhere near $100 billion. The reason why BP's stock has fallen is either due to overreaction or because the stock was overvalued in the first place.

Reply
post #12 of 18
8/2/10 at 3:52pm
Thread Starter 

Quote:

Originally Posted by Czilla9000 View Post

Eh, I call BS with how they are measuring "loss". BP has not "lost" $100,000,000,000....the discounted value of liabilities is going to be nowhere near $100 billion. The reason why BP's stock has fallen is either due to overreaction or because the stock was overvalued in the first place.


I agree. However, it makes for a better headline.


Edited by NapalmK - 8/2/10 at 3:56pm
Reply
post #13 of 18
8/2/10 at 4:02pm

I hope all the big guys over at BP never find the headphone of their dreams.  May their ears be forever filled with the drone of a thousand blown out ibuds! 

Reply
post #14 of 18
8/2/10 at 4:05pm

 

 

 

Just remember that any changes to oil companies result in higher pump prices,it matters not what happens,the end result is that we all will pay for it.

 

And so we should,we are all very happy to use it in abundance,but do not like paying to much for it.

 

It is not the oil companies that pollute, it is us the user.

Reply
post #15 of 18
8/2/10 at 6:30pm

This is misleading.  It isn't comparing against the cost of cleanup or even lost opportunity cost...but the temporary blip in BP stock.  It is more reflective of investor confidence in a troubled oil giant than what it is represented to be.  But hey, who am I to read the disclaimers, when the point of the infographic is clearly shock value?

Reply
New Posts  All Forums:Forum Nav:
  Return Home
Head-Fi.org › Forums › Misc.-Category Forums › Members' Lounge (General Discussion) › What BP Could Have Bought with the Money They Lost