BP @ 442.65p, +4.2p (+0.96%)
Interesting to see BP up on confirmation that Rosneft have elected not to extend the deadline for he exploration and share swap deal (see: www.sharecast.com: BP-Rosneft deal off, but talks continue.)
BP's CEO Bob Dudley also confirms BP's commitment to Russia and desire to extend the relationship with Rosneft with ongoing negotiations
Meanwhile, the Chairman of AAR (the aggrieved partner in TNK-BP) Mikhail Fridman, also commented that they wish to continue collaborative discussion with BP and Rosneft.
All a bit too little, too late and continues to leave me wondering about a CEO that might not be up to the job.
Depending what your view is on the leaking of information: on the 13th January (the day before the Rosneft tie up was first announced) the share price of BP was 503.7p which was just about its highest level since the Gulf of Mexico disaster.
The company also had a nice shiny new CEO that hadn't been tried out.
The subsequent events and performance since the 14th January announcement also serve to confirm that markets really don't like uncertainty.
But, although its not certain that BP will soon retrieve those levels seen prior to this saga, given the questionable performance of management, at least Rosneft have resolved one uncertainty.
Related articles:
- www.sharecast.com: BP-Rosneft deal off, but talks continue
- www.guardian.co.uk: Deadline expires for BP and Rosneft to save Arctic alliance
Interesting to see BP up on confirmation that Rosneft have elected not to extend the deadline for he exploration and share swap deal (see: www.sharecast.com: BP-Rosneft deal off, but talks continue.)
BP's CEO Bob Dudley also confirms BP's commitment to Russia and desire to extend the relationship with Rosneft with ongoing negotiations
Meanwhile, the Chairman of AAR (the aggrieved partner in TNK-BP) Mikhail Fridman, also commented that they wish to continue collaborative discussion with BP and Rosneft.
All a bit too little, too late and continues to leave me wondering about a CEO that might not be up to the job.
Depending what your view is on the leaking of information: on the 13th January (the day before the Rosneft tie up was first announced) the share price of BP was 503.7p which was just about its highest level since the Gulf of Mexico disaster.
The company also had a nice shiny new CEO that hadn't been tried out.
The subsequent events and performance since the 14th January announcement also serve to confirm that markets really don't like uncertainty.
But, although its not certain that BP will soon retrieve those levels seen prior to this saga, given the questionable performance of management, at least Rosneft have resolved one uncertainty.
Related articles:
- www.sharecast.com: BP-Rosneft deal off, but talks continue
- www.guardian.co.uk: Deadline expires for BP and Rosneft to save Arctic alliance
Post Title
→BP: Rosneft deadline not extended.
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