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BP p.l.c. Message Board

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  • reality90210 reality90210 Apr 1, 2011 11:03 AM Flag

    The truth about BP

    quite honestly I don't think the attempt to do the deal is a fiasco at all...It is an oil company attempting to partner with a state oil company (BP's long term strategy) so that they have access to the Arctic and make more money for its shareholders. XOM also is doing so and so is RDS, so the fact that TNK-BP's agreement is blocking this needs to be worked out with the oligarchs because they neither have the expertise nor the ability to do any of the real exploration.
    Remember, if TNK-BP completely blocks this, they in turn hurt themselves because AAR owns 50% of TNK-BP, because if BP hurts, TNK-BP will hurt as well.
    Another point... BP doesn't really need the tie up to remain a viable and vibrant company, the share price is still undervalued.

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