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BP - off the hook ? ...and a BUY ?
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Anybody know the City analysts view of the situation now?
Is BP a sitting duck for takeover?0 -
Thrugelmir wrote: »Anybody know the City analysts view of the situation now?
Is BP a sitting duck for takeover?
No. Exxon would like to but it has no chance.0 -
*Subsea operational update: *
---Quote---
The well integrity test is ongoing.
- Currently the well remains shut-in with no oil flowing into the Gulf; any significant change to this operation will be announced via a press release.
- Pressure continues to rise and is currently above 6700 psi.
Due to the well integrity test, no oil was recovered during the last 12 hours on July 15 (noon to midnight).
---End Quote---
Updated July 16 at 9:00am CDT
There is no activity at the cap, this is as exciting as it gets:
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There is no activity at the cap, this is as exciting as it gets:
"No activity at the cap" is exciting enough for me
(maybe I need to get out more) 0 -
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Thrugelmir wrote: »Why not? What's to stop Exxon breaking BP up, post acquistion?
It will look like a Ruskie smash and grab :eek:
http://www.independent.co.uk/news/business/analysis-and-features/shell-cedes-control-of-sakhalin2-as-kremlin-exerts-its-iron-fist-428157.html
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
It'll be interesting to see if Obabalamadingdong orders the pipe valves on the tophat be opened, so that oil resumes flowing up to the recovery vessels.
Why? Because BP has to pay tax to the Federal Govt on that 'extracted' oil! He won't want to miss any single chance to shake down the company!0 -
Erm ... and BP will get some return!
... don't let the tax tail wag the dog.
... or let your prejudices get ahead of yourself.0 -
I am in two minds at the moment. I think BP will be paying large sums in compensation which might negtively affect the stock.:T:T:T:T:T:T:T0
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