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Stock Lobster

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Stock Lobster

Re: Stock Lobster post# 322062

Thursday, 06/03/2010 8:56:02 AM

Thursday, June 03, 2010 8:56:02 AM

Post# of 648882
>>BP must sell assets: No one will buy them, take on the risk:

Asset sales by BP are more likely than a takeover of the company because it’s too soon to estimate how much the spill and its aftermath will end up costing, said Gianna Bern, founder of Brookshire Advisory & Research Inc. in Flossmoor, Illinois, and a former BP crude trader.

“A potential investor would think twice because this is unprecedented and it would take a decade to sort out liability and any potential litigation,” Bern said.

http://www.financialpost.com/news/sell+assets+cash/3106379/story.html

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