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Goldman Sachs Sold 44% Of Its Shares In Bp

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The BP CEO did the same:

http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/7804922/BP-chief-Tony-Hayward-sold-shares-weeks-before-oil-spill.html

BP chief Tony Hayward sold shares weeks before oil spill

The chief executive of BP sold £1.4 million of his shares in the fuel giant weeks before the Gulf of Mexico oil spill caused its value to collapse.

Tony Hayward cashed in about a third of his holding in the company one month before a well on the Deepwater Horizon rig burst, causing an environmental disaster.

[...]

His decision, however, means he avoided losing more than £423,000 when BP’s share price plunged after the oil spill began six weeks ago.

Since he disposed of 223,288 shares on March 17, the company’s share price has fallen by 30 per cent.

This is beginning to look very dirty...

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Paranoid.

They just got lucky

Unless:

1. They sabotaged the rig

2. God told them that an accident is going to happen

Strangely Goldman is always lucky...

Have you ever heard of a rig that literally blows up before this one?

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Paranoid.

They just got lucky

Unless:

1. They sabotaged the rig

2. God told them that an accident is going to happen

Sabotage rig - disassemble BP - hand pension funds the empty bag after the government seizes most of what is left with fines for the spill - reboot?

Stranger things have happened and for a lot less money.

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You don't sell only 44% and keep 56% if you know something.

What proportion of his total shares did Hayward sell?

Exactly.

Also, who bought?

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You don't sell only 44% and keep 56% if you know something.

You do unless you want to make it blatantly obvious that it's an insider trade.

What proportion of his total shares did Hayward sell?

See article above.

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How lucky they don't even follow their own analysts too.

http://wealth.net/2010/06/a-series-of-lucky-coincidences-involving-goldman-sachs-and-bp-plc/

As the first chart above demonstrates, there is an “odd” correlation between Goldman’s sellside sentiment on the stock, and the amount of stock held by Goldman’s asset management arm, especially evident in the days between December 31, 2009 and March 31, 2010, when despite a recent Buy rating attached to the firm, GSAM sold off more than 40% of its stake in the name. On December 31, Goldman held 71 million BP shares, and three months later this numhttp://wealth.net/2010/06/a-series-of-lucky-coincidences-involving-goldman-sachs-and-bp-plc/ber went down 42.5 million. Another oddity is that back in 2008, when GS had the stock at Neutral, GSAM doubled its stake in the firm from 28.8 million shares to 57.3 million days before Ms. della Vigna raised the stock to a Buy, albeit if only for just over a month. Oddly enough, in the half year period when Goldman was telling its clients to Sell the stock, between 3/31/2009 and 10/28/2009, GSAM holdings declined by a whopping -3.9%.

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Paranoid.

They just got lucky

Unless:

1. They sabotaged the rig

2. God told them that an accident is going to happen

What about they had engineers telling them there was a potential problem and the head of BP decided to sell his shares and used Goldman to do it?

Nothing paranoid about that.

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You don't sell only 44% and keep 56% if you know something.

What proportion of his total shares did Hayward sell?

maybe he shorted the rest on IG Index

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You do unless you want to make it blatantly obvious that it's an insider trade.

See article above.

Wells Fargo Bank upped their holding by 112% against the trend! A typical banker's casino style bet? Possible bonuses or tax payer bailout if it goes pear shaped.

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What about they had engineers telling them there was a potential problem and the head of BP decided to sell his shares and used Goldman to do it?

Nothing paranoid about that.

That would still be insider trading and therefore illegal. Shame that the police is too busy fineing grannies for overfilling their rubbish bins.

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You don't sell only 44% and keep 56% if you know something.

What proportion of his total shares did Hayward sell?

Why? That's how I would do it if I was insider trading something like this.

Sell about half and use the cash on something that I knew would be affected by a drilling ban, like oil futures a few years ahead......

No-one is always lucky, except for GS.

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Wells Fargo Bank upped their holding by 112% against the trend! A typical banker's casino style bet? Possible bonuses or tax payer bailout if it goes pear shaped.

Was it the bank themselves, or the pension fund of their emplyees?

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Anyone find it heartening the number of people who think GS could be worried about being done for insider dealing?

More top bombing expected from the robust and never miss anything financial regulators?

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Sabotage rig - disassemble BP - hand pension funds the empty bag after the government seizes most of what is left with fines for the spill - reboot?

Stranger things have happened and for a lot less money.

If the US forces them to offload their Gulf assets and perhaps their shale sand assets to Exxon, or indeed Exxon end up owning BP then it starts to look a tad dodgy. The question then I suppose would be was it just 'business' or intentional negligence or worse.

I mean, the US invade sovereign countries precisely for these sort of assets.

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If the US forces them to offload their Gulf assets and perhaps their shale sand assets to Exxon, or indeed Exxon end up owning BP then it starts to look a tad dodgy. The question then I suppose would be was it just 'business' or intentional negligence or worse.

I mean, the US invade sovereign countries precisely for these sort of assets.

Massive and yawning lack of coverage in the States of TansOcean’s role in all of this, maybe they are just crap but who knows maybe being too Tinfoil hat here but it is not as if it was BP workers and BP equipment at the helm of this when it blew, this was a US company who were immediately responsible for the drill.

Could this be these evil oil hungry republicans taking out two birds with one stone - Obama (although he has played his own role in this) and BP?

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Massive and yawning lack of coverage in the States of TansOcean's role in all of this, maybe they are just crap but who knows maybe being too Tinfoil hat here but it is not as if it was BP workers and BP equipment at the helm of this when it blew, this was a US company who were immediately responsible for the drill.

Could this be these evil oil hungry republicans taking out two birds with one stone - Obama (although he has played his own role in this) and BP?

http://ftalphaville.ft.com/blog/2010/06/09/255726/danger-knife-still-falling/

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Cheers for the link, some interesting comments on it.

Makes me realise even further why I have no desire to go anywhere near Satan’s **** of the States. The most malevolent country of the last 50 years. Run by the Christian stupid for the stupid.

The UK needs to save money – leave the tossers Afghan and be done with it. Let’s hope for some ironic chants on Saturday!

This post was petty but the US really is a twatbasket.

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Neil Woodward sold 100% of his holding. Obviously anyone who share or buys share is responsible for whatever happens to that company before and after they get involved. Woodward also sold Shell, so expect nuclear war any time soon. You have been warned. :D

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Strangely Goldman is always lucky...

Sabotage rig - disassemble BP - hand pension funds the empty bag after the government seizes most of what is left with fines for the spill - reboot?

Stranger things have happened and for a lot less money.

Dear oh dear this sort of stuff does spoil this website.

Is Goldman always lucky or is that just your perception? I'd have to see a wealth of data on their investment timings before I'd come to that conclusion.

And if you owned shares in a successful oil company, why not just keep them and earn lots of money? Why sell them and sabotage the company, causing real environmental destruction in the process? Like so many conspiracy theories it makes no sense.

BP shares are traded every day, someone was bound to have sold just beforehand. If that was an unknown investment bank rather than Goldmans 9as must be the case for most such incidents) it would get no press here.

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  • 259 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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