Thread: Looks like PB might be in a buy out.
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Canuck57[_9_] Canuck57[_9_] is offline
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First recorded activity by BoatBanter: Oct 2009
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Default Looks like PB might be in a buy out.
On 01/07/2010 10:23 AM, wrote:
On Thu, 01 Jul 2010 08:35:36 -0600,
wrote:

My guess is someone big was looking to unload a big quantity of shares
and started a rumour to jump the price

Sounds more likely. Why would anyone buy PB right now with this open
ended liability hanging over their head. In 6 months they can probably
buy the assets on the court house steps for pennies on the dollar when
BP/US goes bankrupt. I am sure "BP" is actually several corporations,
each doing business in separate parts of the world. I bet they have an
army of lawyers trying to sever these ties so they can isolate their
liability here.

I might buy a whack of BP someday, but not today. I think there is more
downside. Barack Obama is like a pitbul and does not know when to let
go. Might not buy any shares or new investments until that idiot is
neutered or kicked out.

But at some point BP does becomea good deal. Say $18. I would have
said $26 but with dividents suspended makes it a long shot.

--
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