Why is the stock price down, I thought we were gonna drill baby drill
4 replies (most recent on top)
Down because of tariffs, but opportunity for Elliott to buy more shares and get more control.
This time it's purely on Trump and the tarrifs.
Having said that: this might have an impact on BP. Might speed things up. Even more pressure/opportunity to change the board and strategy.
As a Castrol's employee I would welcome that. Sell us ASAP.
Cheers.
Oil is down
If I had to guess, I don't know that BP would act on the invitation to do more drilling. Shell, Exxon-Mobile, Chevron would likely act on it. BP is a follower. Where it takes the initiative to lead, it ends up taking the company into a dead end. It was over a month ago I dumped all of my remaining shares of BP. Glad I did.