BP shares fall on dividend fears amid increased flow Photo: AP The energy major’s shares rallied 7pc, or 26.4, to 391p in London on Friday, after City supporters rallied round. “It is our considered view that BP is doing its utmost to deal with the impact of recent tragic events in the Gulf of Mexico,” said a Standard Life spokesman. “We believe that BP has sought to act with complete integrity. Consequently, we remain fully supportive of Tony Hayward and his management team.” Related Articles The US falls outta love with Big Oil BP oil spill: an interactive timeline BP: 100 years in pictures BP oil spill: how are my finances affected? Clegg warns Obama over 'megaphone diplomacy' Analysts said the share price had also risen because the stock appeared to have been oversold, having dropped as low as 345p at one point on Thursday. In the US, BP came under fire again as officials raised estimates for the leak’s flow to 40,000 barrels per day, meaning it could be liable for fines of up to $9bn (£6.[Read more...] BP oil spill: Standard Life defends energy giant’s reaction to disaster
BP shares fall on dividend fears amid increased flow Photo: AP The energy major’s shares rallied 7pc, or 26.4, to 391p in London on Friday, after City supporters rallied round. “It is our considered view that BP is doing its utmost to deal with the impact of recent tragic events in the Gulf of Mexico,” said a Standard Life spokesman. “We believe that BP has sought to act with complete integrity. Consequently, we remain fully supportive of Tony Hayward and his management team.” Related Articles The US falls outta love with Big Oil BP oil spill: an interactive timeline BP: 100 years in pictures BP oil spill: how are my finances affected? Clegg warns Obama over 'megaphone diplomacy' Analysts said the share price had also risen because the stock appeared to have been oversold, having dropped as low as 345p at one point on Thursday. In the US, BP came under fire again as officials raised estimates for the leak’s flow to 40,000 barrels per day, meaning it could be liable for fines of up to $9bn (£6.[Read more...] 1 Response for “BP oil spill: Standard Life defends energy giant’s reaction to disaster”
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It seems like there is finally some good news with the spill. The Houston Chronicle reports, U.S. ships were being outfitted earlier this month with four pairs of skimming booms airlifted from the Netherlands and should be deployed within days.” I hope this is a sign of things to come. For all those feeling pretty gloomy about this situation, I recommend a good laugh… Here’s a funny joke, http://www.youtube.com/watch?v=N3j7uSbccSc