Would BP gone bankruptcy?
By kingparker
@kingparker (9673)
United States
July 10, 2010 3:03pm CST
In the recent oil spill event, it really cause billions of dollars to BP, and it won't make it up easier in the near future. For the investors benefit, it won't be a profitable investment in the near future. So, do you think BP might either gone bankruptcy or buy out from other bigger giant energy companies?
From my point of view, BP keep on paying out that much money, and it is not good for the book. They must first clear up this mess, then they have make really profitable return on their all business operations. Otherwise, money won't fall from the sky. What do you think?
3 responses
@deemazing (395)
• United States
21 Jul 10
No, they will not go bankrupt. Their franchise owners will, but not them. They have their money tied into so many different things that it's very unlikely for the company as a whole to go bankrupt.
@kingparker (9673)
• United States
21 Jul 10
But may be not. With all the money they lost, and the bad propaganda that is going on. How would they gonna keep the confidence of those investors? Investing is about confidence on earning profit. If there is not, why people would invest money in?
@deemazing (395)
• United States
21 Jul 10
That is a good point, but I think they will probably try to sell the business before it happens. They could sell the business as it stands now at a low rate and still profit. Eventually, people will sort of "forget" about what happened (or at least it won't be at the top of their mind because the media stopped broadcasting it) and the next company will begin to thrive. By that point most people will not go too far to try and connect the new company with a business transaction from BP. Of course, I believe this is a matter of years rather than months.
@RedAwsomeness (118)
• United States
10 Jul 10
I honestly hope they go bankrupt, they are more worried about their oil instead of the environment. But, watch the government fork over money to them or something to help "clean up the oil spill" which is taking forever because it isn't happening. Also, I honestly think they won't buy another company, it would cost way to much after billions of dollars spent "cleaning" this up. Another company wouldn't want to purchase BP until the oil spill is cleaned up because it is their problem then once they purchase it lol.
@kingparker (9673)
• United States
11 Jul 10
Eventually, the environmental issue will be solved through many sources of effort. Because under pressure, we have to solve this issue. There were many businesses in stake after this oil spill event. But my point is after this problem, will BP still operate profitable?
@BLD367 (142)
• United States
11 Jul 10
BP is going to be broken up and sold. They can generate more money from the sale that way and it will help in spreading out the costs of the environmental disaster they caused. I know Exxon and Mobil have expressed interest in buying Bp but it probably wont happen is it would violate many international monopoly regulations.
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