JPMorgan's Fred Lucas gazes into his crystal ball: It's early February 2011 and ExxonMobil (XOM)...


JPMorgan's Fred Lucas gazes into his crystal ball: It's early February 2011 and ExxonMobil (XOM) CEO Rex Tillerson has just concluded a marathon board meeting ahead of XOM's Q4 results. The meeting has been lengthened to address the future of BP (BP). Advisors are encouraging him to make a preemptive offer using ExxonMobil's more highly rated paper, and exploit the stubborn rating differential that persisted.

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Comments (3)
  • vtorch
    , contributor
    Comments (314) | Send Message
     
    Stupid suggestions. Buy the assets, not the liabilities. Even the Russians know.
    29 Jun 2010, 04:32 PM Reply Like
  • dfbell
    , contributor
    Comments (1462) | Send Message
     
    ... and Mr. Tillerson decided to offer BP Baltic Avenue and the a RR of his choice for the entire company.

     

    I believe he will be overpaying.
    29 Jun 2010, 04:38 PM Reply Like
  • Sidney Bach
    , contributor
    Comment (1) | Send Message
     
    ....and by that time, when BP goes under, dragged down to the bottom by its accumulated enormous liabilties that no other company will ever agree to assume, the taxpayers will then be informed by Washington that they, as well as future generations, will have to bear the financial burden of paying for decades of environmental damage cleanup; and probably also to help offset the economic disaster that will have befallen our country's Gulf Coast communities.
    29 Jun 2010, 11:35 PM Reply Like
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