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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: w0z who wrote (133526)	6/2/2010 8:47:02 AM
From: microhoogle!	Read Replies (2) \| Respond to of 206181

Why would any company want to buy BP and soon to start a long saga of legal headaches? Perhaps others could buy the assets if they are up for sale, but why the company itself that is going to be a walking nightmare. If it is cheap right now, BP could and will most likely get even more cheaper in the coming year if it does not hold $34.

To: w0z who wrote (133526)	6/2/2010 6:09:10 PM
From: Jacob Snyder	Read Replies (3) \| Respond to of 206181

<there aren’t any buyers (for BP) at this point because the near-term uncertainty is so high.> And the instant the near-term uncertainty decreases, the stock will be a lot higher. Right now, the stock is pricing in the possibility of 12-19K b/d spill into August. More likely, BP might sell some assets, especially in places where the political/regulatory climate has gone into deep-freeze. But, looking at the numbers, I don't think they'll need to do even that.