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?
Saturday, May 29, 2010
I am in denial; Cross your fingers for Cay Sal Bank
I returned from the Cay Sal Bank Rapid Ecological Assessment on Wednesday. The Bank is amazing. Fisheries, Coral Reefs, Sea Turtles, Seabirds, and long, perfect beaches. Now let's just cross our fingers and hope for a miracle that spares the Cay Sal Bank.
Thursday, May 20, 2010
Article in the Nassau Tribune about the Cay Sal Assessment
The Nassau Tribune has a story about our trip. I'm in Nassau now getting ready to head out tomorrow.
http://www.tribune242.com/news/20052010_nkn-oil-response_news_pg1
http://www.tribune242.com/news/20052010_nkn-oil-response_news_pg1
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