Gulf well partner agrees to pay BP $1 billion

May 22, 2011 Full story: The Tennessean

A worker last June picks up oil at the mouth of Barataria Bay in Plaquemines Parish, La.

Full Story
Dwight Baker

Eagle Pass, TX

#1 May 22, 2011
BP Big Bucks a Flash in the Pan!

BP cuts oil spill burden with $1 billion Mitsui deal
http://www.tennessean.com/article/20110521/BU...
MY TAKE
Therefore this so called big deal to get money now is just a flash in the pan
By Dwight Baker
May 22, 2011
Dbaker22@stx.rr.com

BP is behind the eight ball and they will remain there for a very long time. BP uses arbitrary numbers about the cost to clean up the Gulf. BP uses its power attained from large blocks of stock ownership in Britain to push’s their weight around.

How long will that remain to be done by BP? Lord Browne is still at the helm and he uses diplomacy to get things done. CEO Dudley is the front man.

Britain is not an empire any longer, for they have not the standing Army or Navy to support their needs to trump or thump over whom ever stands in their way.

Two things stand in the way of BP walking away with a winning hand in the Gulf of Mexico blowout.

1. The truth held in facts supports that for 92 days BP had the Tame Nature plan to plug the well and did not. Then when using my Tame Nature plan that set in front of them daily for 92 days they finally used it and the blow out come to a halt.
2. The other matter that escapes being printed and aired is that the oil and dispersants used are now contained in giant plumes. They are huge and some are in deep water. I have estimated that to clean them out using my Dolphin Fin to do so could take decades to do and cost from $2 to $3 trillion.

Therefore this so called big deal to get money now is just a flash in the pan. If BP is to survive they must first begin telling the truth, then knuckle down and become a good steward with the many things that have be entrusted with to provide refining of energy and plastics and a reasonable return to their investors.

Excerpt Article today

Anadarko was on the hook for as much as $10 billion, Weiss said, because of its 25 percent stake in the well. Now it knows BP may accept much less. If it gets the same deal as MOEX, that payment could be about $2.5 billion, Weiss estimated.

“This is going to accelerate the pace of talks between them, and I’ll bet they’ll settle within the next few months,” Weiss said.
BP is targeting $30 billion in asset sales by the end of the year to shore up funds.

The news coincided with a report from London-based financial services group Investec calling on BP’s board to split the company into three separate groups — focused on the United States, Britain and emerging countries.

Investec noted that BP has underperformed the market by 14 percent in dollar terms.

“BP’s business model is broken, in our view,” Investec analysts Stuart Joyner and Angus McPhail said in a note to investors.
Dwight Baker

Eagle Pass, TX

#2 May 22, 2011
“BP’s business model is broken, in our view,” Investec analysts Stuart Joyner and Angus McPhail said in a note to investors. From the article below

BP cuts oil spill burden with $1 billion Mitsui deal
http://www.tennessean.com/article/20110521/BU...

MY TAKE
By Dwight Baker
May 22, 2011
Dbaker22@stx.rr.com

Could that be on BP tombstone? BP’s business model is broken
A company that run rough shod over all that stood still and paid lawyers and propagandist instead of paying those who suffered at their hands. A company with a proven historical era of blunders that finally took them and many others down?

Finally waking up to the reality of the BP self imposed horrific events has left me leaning toward believing that BP is now running a Ponzi scheme. Trying to get more investors in another big deal to cover their losses they have yet to declare.

The BP blowout crisis has left a festering wound in and on our Nation and people that will not go away. And yet BP business model has been --- to deceive lie and try to cover up their tracks out of this mess. Now how does that sit with you being an exit plan?

How do the investors turn a blind eye to the terrible situation that BP is in?
Who wants to leave their money in a sinking ship?

Many know the financial story better than I. Thus I challenge you to dig into BP business concerns and find their cash flow total assets compared to their truthful liabilities.




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