"This is the latest deal as the company looks to divest $30 billion in assets over the next 18 months to raise money to cover the cost of the .."http://online.wsj.com/article/SB10001424052748703545604575407001404744716.html?ru=yahoo&mod=yahoo_hs
I just sold my shares of BP. Not sure what is going on anymore and got out while I was ahead. good luck everyone!
Buying a piece of bp is like buying a factory in the old soviet union.the new owner will have to weed out the "pretty boys" and cronies in middle management, add or repair all of the environmental and safety systems, and retrain all the workers.the shareholders at apache, et al, better hope that management added a 10% premium to what they paid for the bp "assets" to cover those costs.
Old news, this was released last Tuesday and the market has digested the data and BP stock price is up 5-6%.
AUGUST 3, 2010, 10:03 A.M. ETReleased today (08/03/10) by the wall street journalhttp://online.wsj.com/article/SB10001424052748703545604575407001404744716.html?ru=yahoo&mod=yahoo_hsthe fact remains-nice attempt though.
Hey...........that's a good thing. It's good when you have assets that you can quickly liquidate, especially when it is in the billions, to even up the losses of the spill.