InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,477.90
(
0.16%
)
US TECH 100
19,128.00
(
-0.25%
)
Dow Jones
39,127.80
(
0.04%
)
Brent Oil
84.47
(
0.34%
)
Bitcoin
60,826.24
(
-1.59%
)
Post# of 648882
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Stock Lobster

Send PM Follow Ignore
Followers 698
Posts 138570
Boards Moderated 3
Alias Born 07/29/2006

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

_______________________________________________________
If you take anything I say as advice, you're crazier than I am.

Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up