Goldman Sachs Sells 4.68 Million Shares of BP Days before Deepwater Explosion

[lib2DaBone]

Now that BP stock has lost nearly half its value... it is interesting to note that Goldman Sachs sold 4.68 Million shares just before the explosion.

I'm not implying any conspiracy or wrong-doing. It's just interesting to see who the "players" are.

How do those clever, crafty Banksters over at Goldman Sachs always seem make a killing? I guess they are just super-human business people. I wish I had that luck and/or know-how.

I wonder.. is BP ready for a takeover? Maybe by Royal Dutch Shell? :shrug:

---------------------------------------------------------------------------

[Mari333]

1. well, I sure as hell dont trust Goldman Sachs. makes you wonder.

[rhett o rick]

5. It doesnt make me wonder a single bit. The market is rigged. nm

[dgibby]

30. Personally, I'd rather invest in lottery tickets.

At least I know what my chances are with them.

[rhett o rick]

32. Agree. nm

[rocktivity]

2. Wasn't there was some weirdness regarding some airlines' stock

right before 9/11?

:shrug:
rocktivity

[Mari333]

3. sure was.

[Electric Monk]

22. Good thing we got to the bottom of that and found out who was behind it.

Oh, wait, nevermind... I must've been thinking of something else...

[ensho]

4. important news - keeping it kicked

nt

[glinda]

20. K&R n/t Suspicious

[Frustratedlady]

6. What do they do...make their transactions retroactive?

Didn't BP have a hint something was wrong hours before the explosion? Maybe someone picked up on their communication?

This stinks to high heaven.

[rhett o rick]

7. It'd be interesting who was shorting BP. nm

[inna]

8. How significant is it? I don't now much about stocks at all...

[tridim]

9. Off to the store for some reynolds wrap

I've not considered any conspiracy theories either (mainly because these people don't tend to commit corporate suicide), until now.

[formercia]

10. a bit of insider trading.

Some oil patch worker whispered in their ear.

[Octafish]

33. There are reports of trouble at the wellhead a couple of weeks before.

Remember, BP was behind schedule and decided to take the quickest route in getting the well capped and ready to go.

Poor worm figured he better let his cousin's old college roommate's girlfriend's brother know -- not that there's anything unusual with that.

[nashville_brook]

11. they knew they had trouble with this well for a while before the blowout.

key players, esp Halliburton, would have had access to the info in advance of the disaster.

[Frustratedlady]

18. Bingo!

Can anyone check Cheney's transactions? I'm sure it wasn't just Goldman.

[nashville_brook]

24. theme for a thriller -- "real life" corporate "shorting"

but, i bet it happens all the time. where a contractor does shitty work on mission critical systems, and based on that knowledge, money is made by divesting at a critical moment.

actually, too mundane for fiction now that i see it in writing.

[Mimosa]

27. I think that might be it, nashville brook. n/t

[rudy23]

12. At least Halliburton was the last company to touch the rig---that should ease your mind.

No conspiracy to see here.

[glinda]

21. Halliburton always seems to leave unscathed. Please not this time...

[Subdivisions]

13. I'm sure The Commission will get to the bottom of this and find

that there were no shenanigans. :sarcasm:

[Celebration]

14. seems like they would have been SHORTING the stock

if they truly knew what was coming, not still owning ANY of it.

[uponit7771]

16. Right, they would've made more money going the other way

[Ikonoklast]

28. This is the correct answer.

Ride that elevator all the way down.

[Rex]

31. Maybe that would have looked too obvious.

Not saying this was a conspiracy, just that they read the tea leafs and knew about BPs real safety record. Didn't want to start a panic by pulling out all their assets.

[FarCenter]

15. Maybe they'll split off the US operations and the rest will be acquired by a sovereign oil company

If the main company were bought by a sovereign owned oil company or a national champion, the US might not be able to touch it.

For example, they might be acquired by Saudi Aramco or Sinopec. Or maybe by one of the Russian majors, since Russia is their second largest operation after the US.

[avaistheone1]

17. Just a coinky dink.

:freak: :puke:

[cbdo2007]

19. Wow, looks like they sold for $59 per share back in january...

they must have some super fancy crystal ball, LOL!

[KittyWampus]

23. Knowing how many shortcuts BP was given allowance for in this misadventure, it makes sense.

It seems there were problems before the actual blowout.

[nichomachus]

25. Just a coincidence -- nothing to see here -- move on -- return to your homes.

You wouldn't want to be called a wacky conspiracy theorist, would you?

[Raksha]

26. WOW...very strange and supicious. I guess it could be a coincidence

but it probably isn't. Definitely needs to be investigated.

[gravity]

29. Other institutions bought millions of shares too

There is nothing out of the ordinary here.

The report data is for march 31st which is more than 20 days before the deep water explosion. Chances are that Goldman Sachs cant see in the future and sold BP for other reasons.

[girl gone mad]

38. You're right, nothing out of the ordinary for Goldman Sachs.

They always tell their clients to buy while they're dumping out the ass.

[donheld]

34. Things that make you go Hmmm.

[GReedDiamond]

35. Goldman Sachs - Disaster Capitalists Extraordinaire! - k&r, n/t

[ohheckyeah]

36. n/t

[Telly Savalas]

37. 4.68 million shares at about 60 bucks a share is in the ball park of $250 million

which constitutes about half a percent of their 2009 revenue of over $45 billion.

I'm getting images of Dr. Evil in the Austin Powers movie when I envision somebody thinking the profits off this transaction would be large in Goldman Sachs terms.