BP may sell off assets as Gulf oil spill costs mount
The 26 percent stake in Prudhoe Bay on Alaska's North Slope and other BP assets could attract suitors such as China National Petroleum Corp (CNPC), Occidental Petroleum Corp and Hess Corp, said Douglas Ober, chief executive officer at Petroleum & Resources Corp in Baltimore, the oldest US oil fund. "BP is going to have to look to other assets to pay for this mess they're creating," said Ober, who oversees a combined $1.6 billion at the fund and Adams Express Co. "They won't be able to use any of that cash flow to expand production or add to reserves, and that's really going to put them in a bind." BP lost 34 percent of its market value since an April 20 fire in the Gulf of Mexico killed 11 workers, sank a $365 million rig and triggered subsea leaks that have spewed millions of gallons of crude into the Gulf. The company has spent more than $1 billion trying to stanch the leaks and remove oil from the ocean. Ober sold all of his BP stock after 15 refinery workers perished in a 2005 explosion at the company's Texas City, Texas, plant. 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. All the products are listed as following: Footwear: NikeAF1,Airmax,Shox,Adidas,Timberland,Puma,Gucci,Prada,LV,Chanel,Lacoste,Lebron,Kobe,Rift, Dunk SB, Nike Women Shoes, Nike Children Shoes, Hogan, Obama, Coogi, Bape Star, Adicolor, Ice Cream,Jordan1--Jordan24,Clear Jordan, Jordan Fusion, AJF, Jordan Flight 45,UGG Boots, Etc. Other Products: 1. Bags/Purses : Coach, Chanel, LV, DG, Burberry, Dior, Ed Hardy, Christian, Audigier(CA), Fendi, Guess, Gucci, Prada, Miumiu, Versace,Juicy, Chole, Tous, Cadillac, a,Etc. 2. Caps Hats: ED Hardy, Smet, Coogi, New Era, SF, Bape, AFF, CA, Ke, Etc. 3. T-Shirts: ED Hardy, Affliction, Christian, Audigier(CA), A&F, Lacoste, Armani, Coogi, D&G, G-Star, Evisu, Ad, Polo, Versace, Bape, Rockwear, Sinful, Smet, Gucci, Etc. 4. Hoody/Jacket/Coat: Affliction, A&F, Blac Label, Bape, BBC, Christian Audigier(CA), Coogi, Crystal Rock,CLH,10Deep,D&G,EDHardy,Ecko,Evisu,GGG,Gucci,G-Star,Juicy ,Kidrobot, Kappa, Lacoste, LRG,NY, Polo, Sinful, True Religion, Versace,Adicolor, Armani, Burberry, LV,NF, Prada, Spider, Etc. 5. Jeans&Pants: A&F, True Religion, LRG, Rock, Coogi, D&G,ED Hardy, Christan Audigier, Red Monkey, Affliction, Artful Dodger, Armani, G-Star, Seven, Dsquared, Ect. 6. Hair Straightener/Hair Iron: CHI,GHD,MK4,MK5,Black,Purple,Pink,Kiss,Pure White, Etc. 7. Sunglasses: Armani,Coach,Dior,EDHardy,Versace,LV,Rp,Fendi,Burberry,Cartier,Chanel,Dg,Gucci,Prada,Etc. About Author We are very professional supplier of selling Nike shoes such as Nike or more AirShox,AirMax,Air Jordan,Air Force 1 and so on, We offer grade A quality product only. Our products are authentic quality with original box.And all products displayed on our website are available and have stocks here. We offer very special prices to our customer (price depends on your quantity).Very fast and safety delivery by TNT, DHL OR EMS, we can delivery within 24 hours upon receiving your payment. It is very safe door to door service, never get problems with customs. If you have any questions, please feel free to contact us. We accept small orders! Thank you very much ! fail information, please kindly visit our website: www.footwearfile.com www.yannikeshoes.com www.pickfashion.com Disclaimer: Article submitters are solely responsible for the content of their articles. ArtiLib can't be held liable for the contents of the articles. Report Abuse | Browse By Category |
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