Avoid making purchases from BP – Oil and gas news

Monday, June 11th, 2012 3:32:52 by

Avoid making purchases from BP – Oil and gas news

Most of the news about the BP (BP) continues to revolve around the Gulf of Mexico oil spill, and things are not looking particularly good for the company. News about filling basically revolves around a federal investigation or lied about the BP estimate
how much oil actually leaked into the Gulf of Mexico, two years ago. If the company made false, it will have serious consequences on the stock.

I feel that investors will have a hard time supporting a company that demonstrates bad faith in such a large scale. The actual financial implications of the spill for the company and its shareholders has not been determined, but we can expect that it will
velizarnay.

The ongoing investigations, looking at it or not, the leaders of the company gave false information to Congress and whether the engineers are hiding information from the Government . As engineers, the center of attention at the opening of several messages
between engineers that certain information about the spill should not be a general "outside the circle of trust."

It’s not a surprise after the engineer of BP, was arrested some time ago for the intentional destruction of evidence that the spill was worse than originally pavedamlyalasya.

Atsenka BP gave between 20 and 50 percent less than the government reported. This can add to the already substantial fine, which the company has to pay. In addition, the company can be found, it was gross negligence in the event, which will result in a penalty
will increase by another bolsh.Lepshaya news for shareholders is that BP will soon resume its exploration activities in Libya.

Operations were originally an impasse due to civil unrest in this area, but they need to quickly pick up again. BP lifted force majeure, which "frees both parties from any obligation to fulfill the obligations as drilling in connection with the appearance
outside of their control." Rebooting is not defined, since it strongly depends on the security in the region. The company is still necessary to determine whether or not it will actually be safe to resume operations.

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