Friday, July 16, 2010

BP (NYSE:BP) Shares Decline As Cap Is Holding

After all the anticipation and excitement over BP's (NYSE:BP) success in stopping the leaking oil, reality has hit to the massive effects of the worst oil spill in U.S. history. BP saw a decline in their shares of 4 percent to $37.38.

Fifteen hours into the cap being placed upon Macondo, it is holding strong. President Barack Obama said, "It is important that we don't get ahead of ourselves here. You know, one of the problems with having the camera down there is, that when the oil stops gushing everybody feels like we're done and we're not."

While Kent Wells, BP's vice president, said that the spill center has measured a steady increase of pressure, above and beyond the minimum of 6,000 pounds to 6,700 pounds per square inch. He also stated that BP has restarted working on the relief well to help release pressure on the ruptured well.


  1. A complaint was filed both to the SEC and FBI, Wednesday July 14th, 2010, to investigate BP and Goldman Sachs for stock and commodity manipulation during the oil spill!

    BP will have to pay for over 20 years! Not a buy, but SELL!

    Join us and famous celebrities around the world (LadyGaga, Creed, Just Bieber, Korn, and more) as we BoycottBP:

    BoycottBP FOREVER!
    BP Products include Castrol, Arco, Aral, am/pm, Amoco, Wild Bean Cafe Boykottiert ARAL

  2. Keep it up guys, I need something to buy on Monday.

    Boycott BP? Why not go the whole hog and boycott all oil products? Please grow up.

  3. wtf? when they stop oil it is an good achievement for engineering...and people should think of next step to clean the ocean...