Not Logged In Log In   Sign Up   Points Leaders
Follow Us    5:30 AM

Message Forum - Read Message

Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: BP Seen Takeover Target After Settlement as Value Trails Back to Topics
TreasuryGuy

Champion Author
California

Posts:3,040
Points:1,604,315
Joined:Jun 2008
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
Visit Bloo for full article
REPLIES (newest first) Post a Reply
Profile Pic
remay
Champion Author Houston

Posts:8,951
Points:2,567,315
Joined:May 2006
Message Posted: Nov 20, 2012 8:44:05 AM

Hmmmm...
Profile Pic
DrCashFlow
Champion Author Massachusetts

Posts:9,145
Points:2,070,645
Joined:Jun 2008
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
Profile Pic
52MPG
Champion Author Dayton

Posts:9,432
Points:2,199,650
Joined:Apr 2006
Message Posted: Nov 20, 2012 12:26:21 AM

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

Posts:9,233
Points:1,903,500
Joined:Jan 2009
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.
Profile Pic
DanMtz
Champion Author Oakland

Posts:5,528
Points:1,701,565
Joined:Oct 2009
Message Posted: Nov 19, 2012 8:22:17 PM

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

Posts:4,427
Points:956,880
Joined:Jan 2011
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?
Profile Pic
Buckeyee
Champion Author Maine

Posts:7,262
Points:1,323,255
Joined:May 2010
Message Posted: Nov 19, 2012 10:05:30 AM

Bad management hurts everyone.
Profile Pic
StArrow68
Champion Author Oakland

Posts:5,455
Points:1,812,835
Joined:Apr 2003
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.
Profile Pic
amoshins
Champion Author Trenton

Posts:3,663
Points:1,051,195
Joined:Apr 2011
Message Posted: Nov 19, 2012 9:49:24 AM

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

Posts:53,440
Points:2,831,735
Joined:Mar 2006
Message Posted: Nov 19, 2012 9:49:10 AM

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

Posts:1,617
Points:365,240
Joined:Apr 2012
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????!!!!!
Profile Pic
BurntOrange
Champion Author Austin

Posts:11,069
Points:2,032,600
Joined:Nov 2007
Message Posted: Nov 19, 2012 9:19:20 AM

Stock speculator rumors.
Profile Pic
dm9667_23
Champion Author Pennsylvania

Posts:1,595
Points:500,995
Joined:May 2008
Message Posted: Nov 19, 2012 9:18:08 AM

really?
Profile Pic
HoosierDaddyKY
Champion Author Kentucky

Posts:2,641
Points:586,420
Joined:Dec 2011
Message Posted: Nov 19, 2012 9:16:46 AM

Hmmm...
Profile Pic
jovien
Veteran Author Virginia

Posts:297
Points:552,530
Joined:Jun 2011
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.
Profile Pic
Seamus4513
Champion Author Orange County

Posts:4,773
Points:841,265
Joined:Mar 2012
Message Posted: Nov 19, 2012 9:10:26 AM

Have them acquired and rename them Amoco
Post a reply Back to Topics