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BP shares crawl near breakeven after the U.S. government temporarily bans the company from new...

  • Wednesday, November 28, 2012, 12:39 PM ET
    BP shares crawl near breakeven after the U.S. government temporarily bans the company from new contracts. Today's news wasn't all bad, with its sale of a package of North Sea field assets to Abu Dhabi-based Taqa for $1.06B, which Simmons analysts say is positive for BP as the transaction price was fair and the announced divestment program is now substantially complete.
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  • Less competition for CVX and XOM! Thanks, O.
    28 Nov 2012, 12:43 PM Reply Like
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