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Oil Spill Devastating Largest Nesting Area For Seabirds
Thursday, July 15, 2010 - 10:44am | 170Read More...An estimated 300-400 pelicans reported from New Orleans have been harmed by BP's [NYSE:BP] oil spill, marking another escalation in wildlife devastation caused by the pipeline in the Gulf of Mexico, according to The Washington Post. The government only counts oiled covered birds collected for...
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Oil Rig Safety Bill Shakes BP's Future in US
Thursday, July 15, 2010 - 9:50am | 90Read More...Capitol Hill scorned BP [NYSE: BP] Wednesday against new offshore oil leases due to their poor safety record, according to Financial Times. The oil rig safety bill was amended and was expected to pass through the House natural resources committee yesterday morning, an amendment that threatened BP'...
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Shares of BP (BP) Continue To Fall
Saturday, June 26, 2010 - 4:28pm | 151Read More...Shares of BP (BP) closed the week down again dropping to $26.85. This marks two straight months that BP’s shares have decreased. BP has lost over $100 billion dollars in value over the last 2 months. The oil giant’s market cap is down to 84 billion dollars. The only costs that are known for sure...
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BP (BP) Closes Below $30
Tuesday, June 22, 2010 - 5:52pm | 125Read More...BP (BP) finished the day below the $30 level at $29.68. This is significant because shares of BP have dropped below $30 before but have always been able to rally back above $30 before the market close. Today is the first day that shares closed below $30. It appears that all of the attacks from...
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Commercial Real Estate Videos of the Week
Sunday, June 20, 2010 - 6:00am | 127Read More...Commercial Real Estate Videos of the Week-June 13-19 Former Chairman and CEO of General Electric (NYSE: GE), Jack Welch, speaks about various topics including financial reform, and carried interest. In case you missed it, here’s the video of Rep. Joe Barton R-TX apologizing to BP...
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Are BP (BP) Bonds A Great Investment?
Saturday, June 19, 2010 - 7:43pm | 142Read More...Troubled oil giant BP (BP) is considering issuing between $5 and $10 billion dollars worth of bonds. BP needs to raise cash to fund its government run fund and for the pending lawsuits that the oil company faces. Famed bond investor Bill Gross recently bought $100 million dollars of short term BP...
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BP (BP) Is Suspending Its Dividend
Wednesday, June 16, 2010 - 3:14pm | 136Read More...It appears that the federal government has gotten its wish and BP (BP) has agreed to suspend its quarterly dividend. On the heels of agreeing to set up a $20 billion dollar relief fund for Gulf workers, BP has now decided to cut its dividend. The move appeared much more likely in recent days. BP...
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BP (BP) To Place $20 Billion In Fund For Oil Spill
Wednesday, June 16, 2010 - 2:37pm | 145Read More...Finally, BP (BP) investors have some cost certainty. The oil giant has apparently agreed to set aside $20 billion dollars in a fund to help repay oil spill victims. This money will be used to pay fishermen, oil rig employees, and other workers whose livelihood has been affected by the oil spill....
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A Bounce Back Day For BP (BP)
Thursday, June 10, 2010 - 7:39pm | 140Read More...Investors that picked up shares of BP (BP) yesterday are sitting pretty. The troubled oil and gas company was up over 12% today. It looks like investors considered BP a value play under $30. Value investors like Whitney Tilson came out in support of BP shares yesterday. Analysts seem to agree with...
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Critical Time for BP Stock is Tomorrow and Monday.
Thursday, June 3, 2010 - 4:51pm | 169Read More...Two critical trading days have arrived for BP (NYSE: BP). After next Monday's market close I think BP will be trading significantly higher or lower versus current levels of around $39/share. Over the next couple of days BP will attempt another tactic to stop the leaking gulf oil well. If this...
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BP, A Buy, Sell, or Hold at $45?
Thursday, May 27, 2010 - 5:23pm | 231Read More...With BP (NYSE: BP) trading right around $45/share in after hours trading this afternoon, many are wondering if there is a short term trade here or a long term investment opportunity. In the longer term, there is probably a solid investment here. From recent highs BP has now lost 25% of its market...
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BP Oil Spill & Its Adverse Effect on Commercial Real Estate
Thursday, May 27, 2010 - 6:00am | 1896Read More...The effects of BP Plc’s oil well explosion in the Gulf of Mexico have reached beyond the worry of ecological devastation, and infiltrated local markets, commercial real estate being one of them. Leaking an estimated 70,000 barrels of oil a day compared to initial estimates of 5,...
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BP (BP) Is A Buy
Wednesday, May 5, 2010 - 5:21pm | 172Read More...Shares of BP (BP) are looking cheap to me. BP currently trades at just under $51 per share. Shares have been hammered recently due to the oil spill in the Gulf of Mexico. Many investors fear that the fallout from the oil spill will have a direct impact on BP's future profitability. Although BP will...
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Bullish Bet Backs BP
Tuesday, May 4, 2010 - 1:42pm | 142Read More...Shares of BP (NYSE: BP) are stabilizing today after the stock fell further yesterday (though it did close of its lows) and are now positive by 1.22% at $50.80. Bulls are making selective bullish bets on the name as well; the large action is coming in the October contract cycle, where a huge 1x2...
