SOURCE: StockCall


September 10, 2010 09:19 ET

Opinions on BP plc and Halliburton - The Blame Game

JOHANNESBURG, SOUTH AFRICA--(Marketwire - September 10, 2010) - offers investors comprehensive research on the oil & gas sector and has completed analytical research on BP plc (NYSE: BP) and Halliburton Company (NYSE: HAL). Register with us today at to have free access to these researches. 

With the successful capping of BP's Macondo oil well, attention is now turning to how it happened in the first place, and more importantly for the companies involved, who is to blame? Register now at to have free access to our reports on the oil & gas sector. is an online platform where investors doing their due-diligence on the oil & gas sector can have easy and free access to our analyst research and opinions on BP plc and Halliburton Company; all investors need to do is register for a complimentary membership at

With a plethora of pending lawsuits as well as civil and perhaps even criminal charges, BP has released their own accident report. The report claims that the majority of responsibility for the explosion rests on the shoulders of Transocean and Halliburton, the owner of the ill-fated Deepwater Horizon rig and cement contractor respectively. Central to culpability is whether the design of the well, a BP project, was flawed to begin with. The failure of the blowout preventer will also be key in solving just how it all happened. The report seems to be more a peek into BP's defence strategy than actual hard evidence. BP is hoping to avoid being held with operating the site in "gross negligence" as it could mean billions of dollars in civil penalties regarding the Clean Water Act. Investors looking for free research on BP plc are welcome to sign up at

Halliburton and Transocean have fired back, claiming BP's report to be rife with errors and oversights. The statements released by the two companies cited the well's design as part of the problem, and said that testing procedures do not fall under the jurisdiction of contractors, but rather the well owners themselves. Investors looking for free research on Halliburton Company are welcome to sign up at

As more information is gathered and the investigation continues, companies involved in the disaster will be watching closely. Visit to see how companies in this industry have grown over the past years and how they are expected to perform in the future.

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