I don't really understand BP's stock price. Is the company worth more than the tourism and fishery industries of Louisiana, Mississippi, and Alabama?
BP has a market capitalization of $134,000,000,000 and a share price of $42.95. It has fallen from $60 per share before the spill (Market Cap = 187,000,000,000).
Thus, Investors are pricing the oil spill at $53,000,000,000.
What do you think the oil spill will cost?
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About Me
- Will Mackin
- A consultant for ecological projects involving carbon offsets and conservation of seabirds. PhD in Biology '04 UNC-CH AB cum laude '97 Harvard
Blog Archive
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2010
(23)
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May
(13)
- Stock in BP?
- I am in denial; Cross your fingers for Cay Sal Bank
- Article in the Nassau Tribune about the Cay Sal As...
- Cay Sal Bank Expedition Planned
- Few oiled birds being reported
- Species Profiles for Seabirds in the Gulf of Mexico
- Extent of the spill after three weeks
- Seabirds on the Cay Sal Bank
- NOAA forecast for spill locations
- Currents leading from the Spill to the Gulf Stream
- Surveys of Cetaceans, Seabirds, and Turtles in the...
- Dave Lee on the Oil Geyser
- The Oil Spill and Caribbean Seabirds
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May
(13)
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