Cocking a CNOOC? Justin A. Urqhuart Stewart's latest commentary

Justin is one of the most recognisable and trusted market commentators on television, radio, and in the press.

Originally trained as a lawyer, he has observed the retail market industry for 20 years whilst at Barclay's Stockbrokers and developed a unique understanding of the market’s roles and benefits for the private investor.

Each week we will bring you Justin's latest thoughts and commentary.

For a taster of this week's article please continue to read...

Cocking a CNOOC?

At the time of writing this, the BP gusher appears to have been capped. If true and sustained, then in Churchillian terms this is “Not the end. It is not even the beginning of the end. But it is perhaps, the end of the beginning”, because this is just the stopping of the core damage and nowhere near the stopping of the financial damage. It seems almost inevitable that the BP we know today won’t be the same BP this time next year. From where we are and what we know today, BP is unlikely to go bust, unless this ‘spill’ becomes an unstoppable flow. However, it would seem to be far more likely that they will wish to demerge certain key assets before populist politicians seeking retribution decide to take precipitative action.

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