BP rebounces after death plummet

BP's stock has come roaring back in the past two weeks after hitting a 14-year low. But why? And is the nearly 25% surge enough to save embattled CEO Tony Hayward's job?


On the one hand, there has been some good news for the oil giant. According to several reports, Hayward has been talking to sovereign wealth funds, most notably in the Middle East, about getting a cash infusion.



Once they have secured a cash infusion, they are more or less on safe grounds now. Investors need not worry about the present operations of the company per se for they know that they will be able to cope steadily well.




BP has also said it does not plan to issue new stock, a move cheered by investors since that would only dilute the value of current shares even further.


This further reinforces the investors' confidence that their stock value will continue to rise fast and furious.

 



Nonetheless, BP's CEO is most probably going to leave his desk in no time, probably before the end of 2010 as he has clearly failed to uphold his mandate.


He has promised to uphold safety but he has clearly failed abysmally here.


This is a terrible consequence but it is inevitable.


Good Bye


Credits -cnn

GNA Duet with RAIN

Talented singer Gina Choi (or G.NA) released her duet with world superstar Rain not too long ago, along with two concept photos from her album jacket.




Well, the diva released yet another photo, this time revealing a little more of her amazing body.



She also commented, “I’m glad I can look back at my past and work with old friends. I’ve been working hard on this, so hopefully it’ll turn out with a good result!”



Cube Entertainment stated, “Gina’s music video teaser will be released on the 9th. Please anticipate it.” Stay tuned to allkpop for her teaser release!





Credits -allkpop

SS501's MV for Let me be the One

Enjoy

It's a pretty heart warming video

Credits -kpop

Super Junior Release New MV : No other

Enjoy


Initially I wasn't too pleased with this new Song "No Other"

I was thinking that they don't suit the new theme.

But after seeing their MV, I changed my mind.

It's actually kinda cool to take a fresh take on the image of Super Junior

Credits -kpop

Miss A debute with Bad Girl Good Girl

Introducing Miss A



They are basically under the company JYP

They are basically a bunch of girls who are just happy to go bad

Being true to themselve I should say.

They are all brimming with personalities and they are very strong standalone as well.


Audacious, clamourous, confident. That's all I have to say about this new group.


You guys had better not underestimate them for they are going to rachet up the charts in no time.

Go read up on their profiles if you happen to be free

In the meantime,

take a look at their video below.

You won't regret it

It's already hitting the charts at the NUMBER 1 SPOT

Credits -kpop

Dine out at Mykii

Hey guys,

Here's an update on my dine out at Mykii down the lane at Holland V.

Laksa was pretty good. It smells damn good when it arrived.

Salivating all over e place

Pasta

My ribs, which was really good to be honest.

It was pretty succulent and soft.

Easy to cut

Deadly. Alcohol content wasn't too high

They said I got the pseudo-demented look here

Finaly group photo

BP is still unsure of the cause

BP PLC Chief Executive Tony Hayward told a congressional panel Thursday that it's still too early to determine the exact cause of the Deepwater Horizon rig explosion on April 20 and subsequent oil leak, now in its 59th day.



Hayward repeatedly insisted that he "wasn't part of the decision-making" in the drilling of company's stricken well.

Waxman told BP's chief that he wasn't taking responsibility for the accident. "You're kicking the can down the road," he said.




To push aside responsibility is the worst possible thing to do in such circumstances. It's unconscionable.

You are now under much scrutiny from the public and the best thing to do is to take up all the blames and just deal with it. You are no longer hold the prerogative to circumvent on anything. It is now time to fully concentrate on what you did wrong and not try to run away from it.


It's flagrant that someone needs to step up and assure everything that everything is going to be okay. Amidst all these uncertainties, you should put the public at ease and not add up to their uneasiness.

On Wednesday, BP said it will establish the $20 billion escrow fund to compensate victims of the Gulf oil disaster and suspend $7.5 billion in dividend payments this year.


The $20 billion escrow fund does not even match up to BP's annual profit so I suppose it is nothing but a small price to pay. Definitely not a ground-shaking sum of money like what BP has mentioned.


Money can't solve all problems at the end of the day. They can't pay for the lives lost and the marine biodiversity sacrificed at the expense of the oil spill.


It is time to fortify the remaining of their wells before such things happen again.


Credits -marketwatch, -blogspot