CITY VIEWS: DOES BP STILL HAVE A FUTURE?
ALEXANDRE ANDLAUER | ALPHAVALUE
“The oil leak in the Gulf of Mexico changes BP’s picture for three reasons: Development in deep water could be more difficult, costs are still difficult to estimate but will be significant and BP’s reputation has been hit and will lead to a discount versus peers.”
HENRY DIXON | MATTERLEY ASSET MANAGEMENT
“It is impossible to see BP operating solely in the US once the leak is stopped. BP could look to do a joint venture with another company or sell off its American business. If the worst came to the worst, BP US might be forced into receivership. But it is likely to have a strong first-half of the year.”
ADAVID BUIK | BGC PARTNERS
“BP needs to establish how the Obama administration is going to treat the oil titan ?– fairly or with an over-zealous degree of vituperative revenge. Inability to establish the ground rules will make this saga drag on in perpetuity. BP is a robust company with assets probably totalling $200bn and will recover within four years, if given a chance.”