After plunging down and showing some quick recovery, I have no doubt that the BP stock prices have reached a point where the price is matching the actual value of the company. A few weeks back, BP was able to reach the 40s mark on the New York Stock Exchange but now it seems that the share price value has dropped off a bit.

The reason for that is simple, the disaster has grabbed all the attention of the company towards the crisis and even though BP has been able to block the leakage, it is still spending a considerable amount of resources and money in the cleanup efforts around the affected region. But that is just not it, the disaster will also affect the company getting contracts and oil drilling opportunities around the world thereby blocking potential growth of the company as a whole.

At the moment, many companies and government would not like to associate themselves with BP. Its not just the disaster that has affected the public opinion about the company but also because of the company being London based.

News of BP Plc (NYSE:BP) being successfully able to block the oil leak at the Gulf of Mexico has got the stocks of the company rising quick. Many people are recommending BP stocks to be a good investment to add into their portfolio. One of the much expected things by many is that the shares of the company will rise as they had been undervalued due to the crisis and the company’s image among the public completely destroyed by the disaster.

The oil leakage has been blocked permanently and the company has also announced that it is likely to resume its operations at the site in the future.

BP Plc has also started removing blooms from some of the affected sites which will help the company gain back its image among the public that the company is taking full responsibility and not running away from the issues.

The disaster has also provided the company with expertise that no other company in the field has – tackling issues that caused the disaster and performing operations in case disaster strikes.

With the Oil Leak now being plugged permanently (hopefully), the share prices of BP Plc are going up. Share Prices have finally managed to cross the 40 USD mark after a long time and it is expected that the share prices will be able to maintain growth over a long term.

The oil leak at the Gulf of Mexico site was plugged by pumping mud and cement into the well, hence permanently sealing the gap. It is quite possible that more mud and cement would be required however at the moment that has been ruled out.

The company had announced that it will be able to solve the issue during the month of August and has been successfully been able to achieve the timelines. The news of the oil leak being permanently blocked brings a sense of relief to the stakeholders who had seen the value of their stocks crashing in a short period of time.

Share prices of the company Beyond Petroleum (also known as BP Plc) have remained volatile after the company got itself involved in one of the worst environment disasters. It is now being speculated that the company will need to apply for tax credits in order to overcome the total costs of the disaster. The company has already reported losses in billions for the quarter which had not at all been expected by analysts.

The tax credits are quite important for the company since it will help the company to mitigate over ten billion american dollars in costs related to the oil spill disaster. The company can apply for tax credits upto 35 percent of its losses according to the US corporate tax law.

It is still not sure whether the US Government will approve the tax credits for the company however the tax credits in no doubt are very important for BP Plc. In case Beyond Petroleum is denied the tax credits then it will be a lot harder for the company to make a quick recovery.

The company share price (LON:BP) dropped a bit as it is still not sure where the company is heading at the moment. Stocks of the company (NYSE:BP) at the New York Stock Exchange also dropped.

BP Share Price went down just a day after the Company’s CEO Tony Hayward announced that he will be stepping down. Even though there had been an early positive trend in the share price because of the heavily criticised CEO stepping down and company being successfully able to plug the leak – the shares went down, after the company reported heavy losses in its business. Many had expected that the company will be reporting profit for the year despite the problems the company had faced due to the Gulf of Mexico Oil Spill.

BP reported losses in its quarterly results, The company has reported losses in billions of dollars for the second quarter. The company had previously reported a huge profit in the previous year.

Many stockholders believe that the prices of the company’s share are under their original value because of the crisis. Though this might be true to a certain extent but due to big losses the company has reported in the quarter it will take the company a long time in order to recover.

BP’s CEO Tony Hayward will be stepping down from his position in October. The CEO had been heavily criticised for his handling of the company’s crisis during the spill and foolish errors in public relations.

The company’s ceo has been criticised for the Gulf Oil Spill which has become one of the worst environment disaster for the World and which has affected the American coastal economy.

Despite the oil crisis that the company has faced, it is being estimated the company has made billions of dollars in profits for the year 2010. Beyond Petroleum Plc has already spent billions of dollars for the oil spill cleanup.

According to me if the company reports profits for this year, then it might face more burden by the American Government and public in the post-disaster situation. This is because if the company will not be making a profit then it does not has anything to give, but if it makes a profit then some people will try to make “bogus” claims in order to monetise from the situation.

After showing some significant recovery, BP Shares (LON:BP )  (NYSE:BP) dropped again due to fears among the public of a possible leakage in the cap. The cap installation is first of its kind and it is quite possible that it would not be able to sustain those kind of pressures.

CBS reports that the cap could hold off until the relief wells are ready however as pressure keeps rising in the cap, in case there is some weak point – it could get worse. It has been also reported that the costs of the oil spill cleanup are rising rapidly which has been a disappointment for the stockholders.

It is expected that the cap will be installed until August when BP is able to complete its relief wells.

The live feeds from remotely operated vehicles installed by BP at the site had been temporarily were available however users can now see that the oil leak has been blocked with the installation of the capping stack.

The installation had been approved by National Incident Commander and Unified Area Command with the integrity test being followed by the company. It is still not sure whether the oil leak has been permanently blocked or not since such equipment and technology at such depths has never been done before.

The plugging of the leak comes as a relief for those who had been affected by the oil leak especially the fishing industry that had been badly affected by the situation.

BP Share Price is now climbing fast after a disastrous drop due to the Oil Spill that happened in the Gulf of Mexico. It is no doubt that the shares are going to cross more than the $40 mark soon.

The latest rise in the stock price comes as the news of the company successfully able to stop oil flow into the gulf. BP started the well integrity test on the MC252 which mean full closure of the choke valve.

The oil company had been trying out very hard to stop the leak and has spent billions of dollars in order to prevent the spill. The company has allocated tens of billions of dollars in order to compensate the victims of oil spill.

BP Share Price (NYSE:BP) have been showing strong recovery as news regarding as news regarding installation of capping stack on the Deep Horizon LMRP came out, BP share prices have shown a very strong recovery despite the short term slump due to the oil spill issue.

BP plc made an achievement by being one of first companies to install a sealing cap system at that level of depth and conditions, and even though its not sure about the efficiency of the cap – its still a positive improvement for containing the leak.

BP aims to permanently seal and isolate the well in the coming weeks, and as soon all the issues regarding the oil spill are resolved – stockholders can expect the BP shares (LON:BP) to rise even more.