BP News | Forecast & Analysis | BP Shares Predictions

Posted on 16 June 2010

After the statement of President Obama, “We Will Make BP Pay” the grounds for BP is under heat since BP had to pay $20 billion funds quarterly to help clean sweep the oil spill. The shares market for BP has narrowed down and already witnessed a 18% loss which is likely to fall more in the near future as been predicted by analysts. Since the oil spill, BP has faced serious backlash from big oil rivals. The BP is now on hot seat as it has to face some serious criticism and future bailout plan if the BP shares crash. “The ball will never be in BP’s court” stated Kim Rogers, Financial Analyst of Financiere. The disaster was purely BP’s mistake since the CEO Tony Hayward apologized for the oil spill. The shareholders of BP should keep this in mind that they won’t be able to recover their losses in the near future and the best time to sell the shares is now when BP is somehow managing to show a 0.19% profits. After the fund allocation, the stock market may get affected by 3% in general but BP will face huge losses.

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