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
- BRASIL / ITALY / GUATEMALA / USA / RUSSIA: 1 Dead, 7 Injured In Rio Fuel Tanks Fires/ Blasts; Ruby Heartstealer Admits Lying About Silvio's Sex Parties, Money; Ex-Prez Alfonso Portillo Extradited To USA For Money Laundering; Moscow Bans VKontakte By 'Mistake.'
- RUSSIA / CZECH REP / SWEDEN / MEXICO / BRASIL: Gauging Navalny's Real Support; American Sought For 4 Murders In Brno; Rioting Near Stockholm Spreads On 4th Night; Vigilantes Continue Narco Fight In Tierra Caliente; October Auction Scheduled For Giant Libra Subsalt Field.
- TECHNOLOGY : Today's 8 TWITTER Posts/Newslinks.
- BRASIL / RUSSIA / EL SALVADOR : Week's Best Images From TIME.
- CANADA / MEXICO / USA : 22 May UPDATE: BC Man And American Feared Kidnapped In Puerto Vallarta.
- COSTA RICA /CANADA : 21 May UPDATE: BC Resident Deering Murdered In Escazu Home Invasion; Travel Advisory Issued.
- EL SALVADOR : Supreme Court Ruling Threatens 60,000 Gang War Truce.
- BRASIL : Dilma Wins Port Privatization Approval From Congress.
- ARGENTINA : Former Dictator Jorge Videla Dies In Prison.
- BRASIL: Pantless Lover...Barely Escapes Jealous Husband...From 3rd Floor.