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Thread: BP Considering Suspension of Dividends

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    Re: BP Considering Suspension of Dividends

    Quote Originally Posted by American View Post
    Suspending dividends is different than a drop in share price.
    Dividends fluctuate too.

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    Re: BP Considering Suspension of Dividends

    Quote Originally Posted by American View Post
    Somehow I don't see how this is the fault of the investors. Why should they be punished because BP did something wrong.
    Of course they should not be punished...but, they should only invest in things they know about, things"next door", where they know the man who is responsible. The trouble is, the yields are not as great....greed takes over...
    And, its their greed that should be punished.
    Investing in AXA, GM, BP and most others, are crap-shoots at best. The propaganda from these big companies shields the CEOs, COOs, and other low-life...

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    Re: BP Considering Suspension of Dividends

    Quote Originally Posted by NolaMan View Post
    I've been watching it, if it gets around $21-$22 a share, I might pick some up.
    Do so at your own risk. According to Jim Cramer, for what its worth, BP is toast.

    BP Is Toast! - TheStreet

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    Re: BP Considering Suspension of Dividends

    Quote Originally Posted by American View Post
    Suspending dividends is different than a drop in share price.
    Suspending dividends will likely LEAD to a drop in share price, as the stock's yield is a share price determinant.

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    Re: BP Considering Suspension of Dividends

    Quote Originally Posted by upsideguy View Post
    Do so at your own risk. According to Jim Cramer, for what its worth, BP is toast.

    BP Is Toast! - TheStreet
    Cramer is an idiot but I think in this case he is right.

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    Re: BP Considering Suspension of Dividends

    Quote Originally Posted by American View Post
    Suspending dividends is different than a drop in share price.
    Dividends get cut all the time, and increased all the time. They are never constant.

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    Re: BP Considering Suspension of Dividends

    Quote Originally Posted by upsideguy View Post
    Do so at your own risk. According to Jim Cramer, for what its worth, BP is toast.

    BP Is Toast! - TheStreet
    I personally think they will survive.. It is in the government's interest to prevent a bankruptcy filing, and in such a case the shareholders will not be all that terribly off. (depending on when you get in)

    Remember all the banks that should have been toast? AIG for example, all indication are they should have failed, but stock bottomed around $8, government stepped in to prevent bankruptcy, and it rocketed back up to $50.

    I would be willing to take the risk on BP around $20-21 a share. Not a huge risk, but something.

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    Re: BP Considering Suspension of Dividends

    Preventing bankruptcy of key banks and financial institutions at a time of economic crisis (largely a loss of confidence) is an all together different matter than preventing the bankruptcy of a foreign based energy company. Neither Enron nor BP are too big to fail.

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    Re: BP Considering Suspension of Dividends

    Quote Originally Posted by upsideguy View Post
    Preventing bankruptcy of key banks and financial institutions at a time of economic crisis (largely a loss of confidence) is an all together different matter than preventing the bankruptcy of a foreign based energy company. Neither Enron nor BP are too big to fail.
    As I said, I would be willing to more or less take the chance that the government will take steps to ensure their survival should it actually come to that. I don't think it actually will, but its a chance I would take, at least with a limited amount of money.

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    Re: BP Considering Suspension of Dividends

    Quote Originally Posted by NolaMan View Post
    I don't think they can really be compared. The Valdez was spilled in a mostly remote area, and while it was devastating, it did not really impact (nor shut down) a multi-billion dollar industry across multiple states like the BP spill has.
    Perhaps so, but compared to what the original bill was, Exxon got little more then a proverbial hand slap.

    Ultimately, I think BP's cost and fines will be much higher than we saw with Exxon, even after all the appeals.
    I don't doubt that, but the estimates people are giving seem ridiculous in Exxon's context. Exxon actually paid a little more then half a billion after years of appeals. Even if BP's actual fines are $10 billion, spreading that level of pain over years of appeals effectively renders the total outflow relatively minor.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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