OT- Obama’s pissed now

[jimmyle]

40% of BP stocks are owned by Americans and American institutions. Less competition will also hurt consumers. I think BP (and Arco) are good because they tend to have lower price that keeps other gas stations from raising prices too high.

[quote=meadandale]I’d like to see Obama and his administration continue to ‘go off’ on BP and villify them. If their stock price continues to dive they’ll end up filing for bankruptcy. When Obama gets stuck with the cleanup bill because he’s driven BP out of business…it should get interesting.[/quote]

[briansd1]

[quote=Arraya]I bet some unnamed american oil companies don’t mind[/quote]

Yes, because sinking BP stock price makes BP ripe for takeover. BP is now trading below book value but BP is far from insolvent.

Whatever company wants to takeover BP would first need for BP to go bankrupt to cordon off the cleanup liabilities in a separate legal entity.

Because of the liabilities, BP might just end up selling off its assets rather its shares.

[briansd1]

[quote=Arraya]I bet some unnamed american oil companies don’t mind[/quote]

Yes, because sinking BP stock price makes BP ripe for takeover. BP is now trading below book value but BP is far from insolvent.

Whatever company wants to takeover BP would first need for BP to go bankrupt to cordon off the cleanup liabilities in a separate legal entity.

Because of the liabilities, BP might just end up selling off its assets rather its shares.

[briansd1]

[quote=Arraya]I bet some unnamed american oil companies don’t mind[/quote]

Yes, because sinking BP stock price makes BP ripe for takeover. BP is now trading below book value but BP is far from insolvent.

Whatever company wants to takeover BP would first need for BP to go bankrupt to cordon off the cleanup liabilities in a separate legal entity.

Because of the liabilities, BP might just end up selling off its assets rather its shares.

[briansd1]

[quote=Arraya]I bet some unnamed american oil companies don’t mind[/quote]

Yes, because sinking BP stock price makes BP ripe for takeover. BP is now trading below book value but BP is far from insolvent.

Whatever company wants to takeover BP would first need for BP to go bankrupt to cordon off the cleanup liabilities in a separate legal entity.

Because of the liabilities, BP might just end up selling off its assets rather its shares.

[briansd1]

[quote=Arraya]I bet some unnamed american oil companies don’t mind[/quote]

Yes, because sinking BP stock price makes BP ripe for takeover. BP is now trading below book value but BP is far from insolvent.

Whatever company wants to takeover BP would first need for BP to go bankrupt to cordon off the cleanup liabilities in a separate legal entity.

Because of the liabilities, BP might just end up selling off its assets rather its shares.

[Arraya]

EPA fines could make them insolvent. It’s a per barrel spilled fine. Depending on how that is quantified and whether or not it is gross negligence, could make it billions a month.

If I was another oil major, I would be all over this preparing. I’m sure they already are if the have deemed it feasible and have back room deals already in motion.

BP is weak and primed for the kill with the jackals circling

[Arraya]

EPA fines could make them insolvent. It’s a per barrel spilled fine. Depending on how that is quantified and whether or not it is gross negligence, could make it billions a month.

If I was another oil major, I would be all over this preparing. I’m sure they already are if the have deemed it feasible and have back room deals already in motion.

BP is weak and primed for the kill with the jackals circling

[Arraya]

EPA fines could make them insolvent. It’s a per barrel spilled fine. Depending on how that is quantified and whether or not it is gross negligence, could make it billions a month.

If I was another oil major, I would be all over this preparing. I’m sure they already are if the have deemed it feasible and have back room deals already in motion.

BP is weak and primed for the kill with the jackals circling

[Arraya]

EPA fines could make them insolvent. It’s a per barrel spilled fine. Depending on how that is quantified and whether or not it is gross negligence, could make it billions a month.

If I was another oil major, I would be all over this preparing. I’m sure they already are if the have deemed it feasible and have back room deals already in motion.

BP is weak and primed for the kill with the jackals circling

[Arraya]

EPA fines could make them insolvent. It’s a per barrel spilled fine. Depending on how that is quantified and whether or not it is gross negligence, could make it billions a month.

If I was another oil major, I would be all over this preparing. I’m sure they already are if the have deemed it feasible and have back room deals already in motion.

BP is weak and primed for the kill with the jackals circling

[Arraya]

heck, now the shareholders are suing for stopping dividends. haha

[Arraya]

heck, now the shareholders are suing for stopping dividends. haha

[Arraya]

heck, now the shareholders are suing for stopping dividends. haha

[Arraya]

heck, now the shareholders are suing for stopping dividends. haha

[Author]

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