Seeking Alpha

BP's beat-up valuation looks irresistible now that the company has slimmed down and settled its...

BP's beat-up valuation looks irresistible now that the company has slimmed down and settled its differences with the U.S. and Russia, so the proponents of BP as a takeover target say. Not so fast: With a $130B market cap and billions in unknown liabilities, BP is still one big toxic mess. And shares may not even be undervalued: By some metrics, BP is cheaper than many of its rivals.
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