06-04-2010, 05:18 PM
the main problem as i heard before is the not knowing what bps liabilities are. not knowing if as a company it's credit rating will be downrated again and how badly. at present it's an insecure business venture for anyone else to take over. plus ;
though many oil companies (big ones ) may like to take over pb they couldn't because it would make them a monopoly. the smaller company have 10 bil working revenue at best. banks again would be hard pressed to underwrite such a risky deal. which leaves bp to weather the storm or sell it's company asset by asset.
though many oil companies (big ones ) may like to take over pb they couldn't because it would make them a monopoly. the smaller company have 10 bil working revenue at best. banks again would be hard pressed to underwrite such a risky deal. which leaves bp to weather the storm or sell it's company asset by asset.