BP’s Gulf Spill Costs Look Manageable 8 Months Later

December 31, 2010

  • January 1, 2011 at 4:35 am
    Fish Man says:
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    “The company suspended its quarterly dividend of 84 cents a share, which cost it $10.5 billion last year.”
    Its market capitalization fell from $190 billion to roughly $100 billion by the time the well plugged. From then forward anything they get from the co-owners or other responsible parties will be icing on the cake. And likely they will re-instate the dividend at the end of the 1st Q 2011. Happy New Year….now go buy their stock while it’s cheap.

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