Nov. 6 at 3:10 AM
$VG is likely to keep falling as Edison, Repsol, Orlen, and Galp adjust their legal arguments to match BP’s. They could be on the hook for another 4-5 billion.
I suspect Shell will challenge their unfavorable outcome in court. VG might do the same for the unfavorable BP ruling.
This is going to be an obnoxious rain cloud for a good while.
All I know is I’d love this at 1/share. Could you imagine?