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Exactly. It's not like BP suddenly is a different company; they're just experiencing some bad publicity, and have some costs for cleaning up an oil leak. Sure,
by stingraycharles 16y ago
Exactly. It's not like BP suddenly is a different company; they're just experiencing some bad publicity, and have some costs for cleaning up an oil leak. Sure, that should make their company less valuable, but there's no way BP has suddenly shrunk 25%. So either they were overvalued before, are currently undervalued, or a combination of both.
- shalmanese 16y agoA lot of BP's value was tied up in it's brand as the greenest oil company of the lot. Now that that brand value has become significantly eroded, it's not implausible to suggest that BP has indeed lost 25% of it's value.