LONDON/KUWAIT (Reuters) - Shareholders in British oil company BP balked at reports it would seek urgent investment from a wealthy Middle East or Asian country as clean-up costs for its U.S. oil spill topped $3 billion. BP would neither confirm nor deny the rumor, but Dick (the Gorilla) Fuld is rumored to be advising BP on this matter/bankruptcy code named BP 105.
The Lehman Strategy: If the capital markets cannot be sourced because you have a giant unquantifiable hole in your balance sheet, run to the Arabs, Chinese, Singaporeans and Koreans to save you before you have to file for bankruptcy.
Subscribe to:
Post Comments (Atom)
.jpg)
Posts
No comments:
Post a Comment