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BP (NYSE:BP) down a whopping 16.1% to $29.08 as doubts grow about its ability to cope with the...

Jun. 09, 2010 3:57 PM ETBP p.l.c. (BP) StockBPBy: Eli Hoffmann, SA News Editor6 Comments
BP (NYSE:BP) down a whopping 16.1% to $29.08 as doubts grow about its ability to cope with the massive spill. Today's bearish news includes claims BP's 582-page regional spill plan contains numerous errors and the possibility BP could face RICO charges for withholding video feeds of the broken riser. Oh, and veteran energy investment banker Matt Simmons says BP won't make it through the summer.

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