{"id":464,"date":"2010-06-30T07:48:17","date_gmt":"2010-06-30T11:48:17","guid":{"rendered":"http:\/\/www.credittrends.com\/blog\/?p=464"},"modified":"2010-06-30T08:11:56","modified_gmt":"2010-06-30T12:11:56","slug":"bp-merger-prospects-less-than-10","status":"publish","type":"post","link":"https:\/\/www.credittrends.com\/blog\/2010\/06\/30\/bp-merger-prospects-less-than-10\/","title":{"rendered":"BP Merger Prospects-Less than 10%"},"content":{"rendered":"

I doubt the merger talk making today’s news will lead to a buyout of BP.<\/p>\n

There is just too much unpredictable risk involved and the size of any buyout too large ($100 billion+), to say nothing of\u00a0probable\u00a0earnings and cash flow dilution, for such a deal to have merit.<\/p>\n

As for Exxon, the name most prominently mentioned, I would be shocked if they accepted the risk a buyout of BP would entail, especially given a glut of oil going into a period of a worldwide economy showing clear signs of fragility.<\/p>\n

While we have written we expect BP to engage in at least $10 billion in asset sales, which should be part of a program to bring the cost of capital down, and which should aid the stock price,a full out buyout is quite unlikely.<\/p>\n

Share on Facebook<\/a><\/p>

\"Post

I doubt the merger talk making today’s news will lead to a buyout of BP. There is just too much unpredictable risk involved and the size of any buyout too large ($100 billion+), to say nothing of\u00a0probable\u00a0earnings and cash flow dilution, for such a deal to have merit. As for Exxon, the name most prominently […]<\/p>\n

Share on Facebook<\/a><\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-464","post","type-post","status-publish","format-standard","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.credittrends.com\/blog\/wp-json\/wp\/v2\/posts\/464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.credittrends.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.credittrends.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.credittrends.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.credittrends.com\/blog\/wp-json\/wp\/v2\/comments?post=464"}],"version-history":[{"count":3,"href":"https:\/\/www.credittrends.com\/blog\/wp-json\/wp\/v2\/posts\/464\/revisions"}],"predecessor-version":[{"id":466,"href":"https:\/\/www.credittrends.com\/blog\/wp-json\/wp\/v2\/posts\/464\/revisions\/466"}],"wp:attachment":[{"href":"https:\/\/www.credittrends.com\/blog\/wp-json\/wp\/v2\/media?parent=464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.credittrends.com\/blog\/wp-json\/wp\/v2\/categories?post=464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.credittrends.com\/blog\/wp-json\/wp\/v2\/tags?post=464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}