http://www.bloomberg.com/news/2012-11-19/bp-seen-takeover-target-as-valuation-sinks-on-settlement-energy.html
Especially for barrelheads and energy speculators.
This excellent longish report details how BP is now the cheapest of the 5 non-state oil giants...at just $7.07 per bbl...and seems ripe for picking.
But will business friendly Cameron's UK let it slip away?
Also...it's new closely entwined relationship with Russia's Rosneft...makes it very problematic.
Plus...the 103 year old company is still awaiting civil claims and may face penalties as high as $20 billion for its 2010 Gulf disaster.
Experienced Russia hand...CEO Bob Dudley (foto) won't let BP disappear without a good fight.
Still some foresee a logical merger with Shell...or even Exxon.
Because BP has many valuable assets in the Gulf, Angola, Azerbaijan and the North Sea.
Popular Posts
- MEXICO: Narcos "Force Down" Police Helicopter In Michoacan.
- RUSSIA : Putin's Police Make Preemptive Strike On Leading Protest Opponents.
- BOLIVIA: Morales Continues Verbal Assault On USA's "Meddling"; USAID Expulsion Threatened.
- MEXICO: Little Hope Remains For 9 Coal Miners After Explosion Kills 5; Billionaire Carlos Slim Slammed By Court.
- UKRAINE / EU : Kyiv Cancels Yalta Summit...After 13 Leaders Bail; Yulia Ends Hunger Strike, Accepts Medical Treatment.
- SLOVENIA : 100,000 Public Workers Strike Over Wage Cuts; PM Jansa Under Pressure.
- VENEZUELA : After Denials...Chavez Admits He Needs 3rd Cancer Surgery.
- HONDURAS: Zelaya Free To Return...After Arrest Warrants Dismissed.
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- USA / PANAMA / MIDEAST : Oil Tanker Hits Destroyer In Straits Of Hormuz...Leaving Huge Gash.