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.