Replies to post #771 on The Rising Influence of Rising Affluence

[DewDiligence]

Agreed—finding a buyer for the Lukoil shares will not be easy unless COP is willing to accept a firesale price. But, as noted in my reply to exwannabe, the arbitrary GAAP threshold of 20% gives COP a reason to delay any paring of the Lukoil stake for a few years.

[DewDiligence]

COP continues divestiture of Lukoil, but it’s not fully divested yet:

http://www.bloomberg.com/news/2010-09-26/lukoil-investor-group-buy-lukoil-shares-from-conocophillips.html

[DewDiligence]

COP’s equity stake in Lukoil is now zero:

http://finance.yahoo.com/news/Lukoil-ConocoPhillips-apf-997404108.html?x=0&.v=1

What a waste of corporate resources that was.