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Author Topic: BP Seen Takeover Target After Settlement as Value Trails Back to Topics
TreasuryGuy

Champion Author
California

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Message Posted: Nov 19, 2012 9:08:45 AM

Bob Dudley shrank BP Plc (BP/) to save it.

The onetime Mississippian and current chief executive officer has sold more than $50 billion of assets to pay the costs of the worst U.S. oil spill in history in 2010. Rescued from the brink of collapse, Europe’s second-largest oil company is now seen as vulnerable to a takeover.

BP is the cheapest of the world’s five biggest non-state oil companies by market value relative to reserves, earnings and output. As a result it may become a target, according to people familiar with the strategic thinking of the London-based company and its potential acquirers.

Dudley’s boldest move as the first American in charge of the 103-year-old British company was last month’s exit from a turbulent Russian venture in exchange for a 20 percent stake in state oil
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REPLIES (newest first) Post a Reply
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remay
Champion Author Houston

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Message Posted: Nov 20, 2012 8:44:05 AM

Hmmmm...
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DrCashFlow
Champion Author Massachusetts

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Message Posted: Nov 20, 2012 5:47:33 AM

it deserves to be the cheapest following years of lousy management and massive disregard for safety
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52MPG
Champion Author Dayton

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Message Posted: Nov 20, 2012 12:26:21 AM

The price to be paid for operation stupidity in the gulf.
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PDQBlues
Champion Author San Diego

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Message Posted: Nov 19, 2012 10:12:12 PM


The body isn't even dead and the vultures are circling. Maybe BP, if it survives, will learn this hard lesson: cheat on safety at your own risk and the death of your workers.
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DanMtz
Champion Author Oakland

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Message Posted: Nov 19, 2012 8:22:17 PM

For sure, their brand value has been trashed.
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Suzzoom
Champion Author Nevada

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Message Posted: Nov 19, 2012 10:33:23 AM

What oil company it its right mind would want to take over the billions in payouts that BP has incurred?
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Buckeyee
Champion Author Maine

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Message Posted: Nov 19, 2012 10:05:30 AM

Bad management hurts everyone.
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StArrow68
Champion Author Oakland

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Message Posted: Nov 19, 2012 9:50:39 AM

Bankrupt is when you can't pay the bills, they are far from that. Time will tell if they survive as an independent company.
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amoshins
Champion Author Trenton

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Message Posted: Nov 19, 2012 9:49:24 AM

Sad, but that's how it works when the Bigger eats the smaller...
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humblepie
Champion Author Toledo

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Message Posted: Nov 19, 2012 9:49:10 AM

very doubtful, they are the new darlings of russia
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atdinut
Champion Author California

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Message Posted: Nov 19, 2012 9:33:25 AM

Again, another matter of wait and see. Who wants a company that is full of assets but nearly bankrupt????!!!!!
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BurntOrange
Champion Author Austin

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Message Posted: Nov 19, 2012 9:19:20 AM

Stock speculator rumors.
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dm9667_23
Champion Author Pennsylvania

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Message Posted: Nov 19, 2012 9:18:08 AM

really?
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HoosierDaddyKY
Champion Author Kentucky

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Message Posted: Nov 19, 2012 9:16:46 AM

Hmmm...
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jovien
Veteran Author Virginia

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Message Posted: Nov 19, 2012 9:12:27 AM

I don't think they will fail and the new CEO is doing what he needs to do to survive. They will be hurt by this for probably the next 2 years and then start to build up again.
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Seamus4513
Champion Author Orange County

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Message Posted: Nov 19, 2012 9:10:26 AM

Have them acquired and rename them Amoco
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