Much to do about nothing with a totally incompetent administration in charge to capture the headlines. Why and how? Remember the Saddam case where he was presumed to have weapons of mass destruction? We lost thousands of innocent soldiers lives and got ourselves in a big mess where the end result showed that there were no weapons of mass destruction and it was all nothing more than a hoax. Of course Bush and Cheney are enjoying prosperity to its maximum, Where is the accountability for these people?
Anyway, my point is, extensive similarities between the hoax Saddam created and today's case with Iran. I believe Iran has no nuclear weapon production capabilities and we are wasting our time with these negotiations which are only intended to capture the headlines.
Between now and November 2016, a European partner/merger is more likely. Such a globally competitive entity would be welcomed by all the major European countries. After 2016 and once the Republicans win the WH, the CVX merger realization becomes more likely than ever never mind what Ktamer and his boys say or for that matter S&P, What a bunch of LUsers!!!!!!!!!!!!
I do not dispute the reserve numbers whether it be for BP or XOM. However, I prefer to go by tangible reported numbers. $300+B in revenues is simply undisputable. You do the math. At an absolute minimum, this stock has the potential to "double" even triple at these oil prices.
There are various possibilities to combine BP with a second company. The one that would appear to make sense on paper is none other than CVX. Hold on to your seat. The numbers would justify one-for-one stock exchange based on market-cap-to-revenue, book value, CAPX and number of other parameters. Annual savings, according to Mayor, could approach the $10.ooB mark (U.S.).
Dudley surely gave no hint of any possibility but the man was firm about maintaining the dividend as his top priority.