BP shares are seen rising whereas the FTSE 100 was recorded at 4,790 points and still declining. The analysts believe that BP have supported their shares market by pulling investments from big players. Other sources confirm that the shares market is pseudo and is likely to collapse very soon. Some investors believe that the shares are kept high so that their current investors doesn’t withdraw and those who are selling BP shares now are getting good price for it. The buyers indeed are BP’s own to maintain the share price.
After the oil spill incident, the BP Plc shares have fallen from$188 billion to $139 billion which is approximately 26.5%. A loss of $15.8/share. The BP competitors have also witnessed a loss of 15% overall in shares. “The estimated cost of the company will soon be about $25.8 billion” predicted by stock market guru Shermann. The British petroleum stocks predictions is that it will fluctuate for another month and investors would soon realize that the market will shrink. The best option now is to sell BP shares no matter how much attractive they look because the odds are, the competitors are going down due to oil spill and the company responsible for the oil spill is paying the penalty charges. The BP news will soon make a headline of market crash and investors are warned about the shares price disaster.
