Seeking Alpha

The U.S. District Court in New Orleans accepts the $4B settlement hammered out between BP (BP...

The U.S. District Court in New Orleans accepts the $4B settlement hammered out between BP (BP +1.5%) and the government over the 2010 Gulf of Mexico disaster, including a guilty plea to manslaughter. The deal does not resolve the federal government's civil claims against BP; the company could pay billions more in penalties for environmental damage.
Comments (4)
  • daphnex2
    , contributor
    Comments (130) | Send Message
     
    Does anyone recommend BP as a buy?? I was going to but it after this latest claim was settled but I wasn't aware there was another 'civil' claim yet to be 'settled'.
    29 Jan 2013, 04:12 PM Reply Like
  • jeavant
    , contributor
    Comments (32) | Send Message
     
    ITS A BUY - AND GREAT DIVIDEND.
    29 Jan 2013, 04:35 PM Reply Like
  • doc47
    , contributor
    Comments (1170) | Send Message
     
    "The deal does not resolve the federal government's civil claims against BP; the company could pay billions more in penalties for environmental damage." I think this statement puts a cap on the upside for a while yet.
    29 Jan 2013, 06:26 PM Reply Like
  • curious-george
    , contributor
    Comments (243) | Send Message
     
    it was a great buy when most feared...this company is important to US oil supply and the government will end with a more reasonable deal than most expect...besides the only folks hurt by the fines are the people that purchase oil...us...WE PAY...they just pass on the cost.
    remember the tobacco companies...the brokers said stay away...I said buy buy because they will just pass the costs on...so they have and so will BP
    31 Jan 2013, 07:53 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs