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Author	Topic: BP Seen Takeover Target After Settlement as Value Trails	Post a Reply Back to Topics

TreasuryGuy Champion Author California Posts:3,011 Points:1,263,535 Joined:Jun 2008	Message Posted: Nov 19, 2012 9:08:45 AM Ignore TreasuryGuy Report Abuse 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 Visit Bloo for full article

TreasuryGuy

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

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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
Visit Bloo for full article

REPLIES (newest first)Ignore Short Messages

remay Champion Author Houston Posts:6,963 Points:2,116,640 Joined:May 2006	Message Posted: Nov 20, 2012 8:44:05 AM Ignore remay Report Abuse Hmmmm...
DrCashFlow Champion Author Massachusetts Posts:7,059 Points:1,626,150 Joined:Jun 2008	Message Posted: Nov 20, 2012 5:47:33 AM Ignore DrCashFlow Report Abuse it deserves to be the cheapest following years of lousy management and massive disregard for safety
52MPG Champion Author Dayton Posts:7,257 Points:1,740,730 Joined:Apr 2006	Message Posted: Nov 20, 2012 12:26:21 AM Ignore 52MPG Report Abuse The price to be paid for operation stupidity in the gulf.
PDQBlues Champion Author San Diego Posts:7,069 Points:1,447,350 Joined:Jan 2009	Message Posted: Nov 19, 2012 10:12:12 PM Ignore PDQBlues Report Abuse 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.
DanMtz Champion Author Oakland Posts:3,350 Points:1,242,350 Joined:Oct 2009	Message Posted: Nov 19, 2012 8:22:17 PM Ignore DanMtz Report Abuse For sure, their brand value has been trashed.
Suzzoom Champion Author Nevada Posts:2,358 Points:504,940 Joined:Jan 2011	Message Posted: Nov 19, 2012 10:33:23 AM Ignore Suzzoom Report Abuse What oil company it its right mind would want to take over the billions in payouts that BP has incurred?
Buckeyee Champion Author Maine Posts:4,602 Points:898,030 Joined:May 2010	Message Posted: Nov 19, 2012 10:05:30 AM Ignore Buckeyee Report Abuse Bad management hurts everyone.
StArrow68 Champion Author Oakland Posts:3,250 Points:1,360,225 Joined:Apr 2003	Message Posted: Nov 19, 2012 9:50:39 AM Ignore StArrow68 Report Abuse Bankrupt is when you can't pay the bills, they are far from that. Time will tell if they survive as an independent company.
amoshins Champion Author Trenton Posts:2,190 Points:640,670 Joined:Apr 2011	Message Posted: Nov 19, 2012 9:49:24 AM Ignore amoshins Report Abuse Sad, but that's how it works when the Bigger eats the smaller...
humblepie Champion Author Toledo Posts:34,182 Points:2,370,395 Joined:Mar 2006	Message Posted: Nov 19, 2012 9:49:10 AM Ignore humblepie Report Abuse very doubtful, they are the new darlings of russia
atdinut Champion Author California Posts:1,608 Points:353,985 Joined:Apr 2012	Message Posted: Nov 19, 2012 9:33:25 AM Ignore atdinut Report Abuse Again, another matter of wait and see. Who wants a company that is full of assets but nearly bankrupt????!!!!!
BurntOrange Champion Author Austin Posts:8,722 Points:1,582,040 Joined:Nov 2007	Message Posted: Nov 19, 2012 9:19:20 AM Ignore BurntOrange Report Abuse Stock speculator rumors.
dm9667_23 Champion Author Pennsylvania Posts:1,213 Points:351,920 Joined:May 2008	Message Posted: Nov 19, 2012 9:18:08 AM Ignore dm9667_23 Report Abuse really?
HoosierDaddyKY Champion Author Kentucky Posts:1,267 Points:296,185 Joined:Dec 2011	Message Posted: Nov 19, 2012 9:16:46 AM Ignore HoosierDaddyKY Report Abuse Hmmm...
jovien Veteran Author Virginia Posts:261 Points:469,120 Joined:Jun 2011	Message Posted: Nov 19, 2012 9:12:27 AM Ignore jovien Report Abuse 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.
Seamus4513 Champion Author Orange County Posts:2,578 Points:385,605 Joined:Mar 2012	Message Posted: Nov 19, 2012 9:10:26 AM Ignore Seamus4513 Report Abuse Have them acquired and rename them Amoco