All Stories

Guest Post: Robert Sutherland Smith on BP

Tom Winnifrith
Thursday 7 February 2013

Robert Sutherland Smith started his City career the year before I was born. He is, I think, 157 years old. He and I have worked together for almost eight years at t1ps.com . He is my friend and he is a very funny and intelligent chap. He is now branching out to celebrate his 158th by doing some freelance writing over at TradingResearchPoint on FTSE 350 Income stocks. He is a great one for focussing on yield. RSS today looks at BP in light of its latest trading statement.

Writing here on January 6th I concluded that a charge of ‘gross negligence’ against BP in regard to the continuing judicial saga of the case against BP for its role in the Gulf of Mexico oil spill, was made less likely by a guilty plea to negligence from the sub-contractor oil well operator Trans Ocean. I added that, that such a helpful outcome might not represent the last word on BP’s outstanding liability; the ways of lawyers being wondrous. And so it has come to pass, something we learned more about as as part of a 2012 trading statement published on February 5th.

on TradingResearchPoint | Comments
About Tom Winnifrith
Bio
Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
Twitter
@TomWinnifrith
Email
[email protected]
Recently Featured on ShareProphets
Sign up for my weekly newsletter








Required Reading

Recent Comments


I also read