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More on the BP/Rosneft TNK-BP deal: The total value of the cash and Rosneft shares BP is getting...

More on the BP/Rosneft TNK-BP deal: The total value of the cash and Rosneft shares BP is getting sums to $26.8B at current market prices. With a 19.75% stake, BP expects to have 2 seats on the board and to be able to put on its books its share of Rosneft's earnings, production, and reserves. The WSJ's Andrew Peaple estimates the deal will leave BP with marginally lower production, but maybe higher oil and gas reserves.
Comments (3)
  • gcmagone
    , contributor
    Comments (915) | Send Message
     
    This looks good IF the reserves and directors part holds up.
    22 Oct 2012, 07:48 AM Reply Like
  • tomlos
    , contributor
    Comments (1147) | Send Message
     
    Agreed. Should this hold up, great move by BP and progress toward getting their ship in order.
    22 Oct 2012, 09:03 AM Reply Like
  • doc47
    , contributor
    Comments (1120) | Send Message
     
    My hopes are higher than my expectations: they're still dealing with gangsters!
    22 Oct 2012, 11:28 AM Reply Like
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