Special Situations - Week 12 July 2010
BP Plc: Deep Trouble or Deep Value
Special Situations - 16 July 2010 - 12:08 PM
The BP oil spill has been grabbing the headlines and gripping the markets for months. Initial estimates suggested the spill was running at 1,000 barrels a day. Now Government officials believe 60,000 is a more accurate figure – but no one knows for sure. What we do know is the BP oil spill is the worst environmental disaster in US history. The cost of the cleanup is going to be huge. What does the future hold for this fallen oil giant?