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ConocoPhillips (COP) isn't planning to bid for BP's 50% stake in the TNK-BP joint venture, which...

  • Thursday, June 21, 2012, 8:22 AM ET
    ConocoPhillips (COP) isn't planning to bid for BP's 50% stake in the TNK-BP joint venture, which the U.K. oil major put up for sale earlier this month, CEO Ryan Lance says. COP -0.7%, BP -1.9% premarket. (also)
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    Another wise move for Ryan Lance. Stay 'nyet' away from the Bear if possible. More difficulty is on the horizon with the 'Russian Federation' especially if Republicans sweep in November. Maybe XOM can navigate these icy-waters, I think it was a plus for STATOIL ASA that they may have been 'pushed-out' of dealing with this corrupt empire.
    21 Jun 2012, 03:00 PM Reply Like
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