Archive for July, 2010

BP shares rise 3.7 %

Tuesday, July 6th, 2010

For the first time since the oil spill in the Mexico Gulf, BP’s shares have begun to rise. But it is temporary, or is it time to buy BP shares now? BP has been traded up for a few days now, rising 3.7 % today.


BP will not issue shares

BP told investors they will not issues shares, despite the fact that oil pollution has now reached all the way to Texas coastline. BP claim to have enough money to survive the disaster they created.

BP fears hostile takeover

BP has spoken to several major wealth funds to protect themselves against hostile takeovers. They are now looking for a strategic partner, because they do not want to be bought by some major oil company, such as Exxon or Total.