The BP takeover target theory was aired again this weekend.
This, time, though it was Alex Brummer - veteran city journalist at the Daily Mail and Mail on Sunday - that had a stab at the story.
In a back page lead in the Mail on Sunday with the headline "will Shell and BP join forces in oil mega merger?"Brummer writes:..
I see Alex Brummer, veteran City hack and business commentator at the Daily Mail, is also jumping onto the BP could be vulnerable to a bid thesis.
And Brummer adds a line into his column about how leaderless BP might now be of interest to Warren Buffett's Berkshire Hathaway vehicle. Below is a link to Brummer's column:..
There weren't too many deal stories in the British Sunday newspaper sections this weekend but there was one piece that caught little old Betaville's eye in the Saturday business section of The Times.
Emma Powell, who writes the Tempus column in the The Times, suggested BP, which last week saw its chief executive Bernard Looney step down amid allegations, could now be vulnerable to a takeover bid. Below is a link to her piece:..
BP's low valuation makes it a takeover target.
Well, that's according to fund manager M&G - which is a shareholder in BP - via the front page of The Sunday Times business section...
The bear market rolls on but the takeover deals keep on coming.
Yesterday, for example, FTSE 100 oil giant BP announced it is buying US-listed biogas company Archaea Energy for $4.1 billion as it looks to diversify more into the green energy space.
Now, I realise many readers will have noticed this deal during yesterday's session but just in case it passed you by I have pasted the link below:..
The Mail on Sunday's business section splash was rather well timed.
Luke Barr and Francesca Washtell, two hard working young Mail hacks, ran a piece about how BP had come under fire from all quarters about its 20pc holding in Russian oil group Rosneft. Then several hours later the FTSE 100 oil giant announced its going to sell its whole stake in the business. Below is a link to Barr and Washtell's piece:..
Betaville counts five this week. That's five bosses of Britain's top companies that have announced their departures or resginations, including this morning's news about the retirement of Bob Dudley, chief executive of FTSE 100-listed giant BP.
Below is the link:..
Aim-listed Sirius Petroleum is in talks with investors about raising between $10 million and $20 million.
Sirius - which Betaville revealed several months ago had secured an offtake agreement with FTSE 100 oil giant BP - is looking to raise up to $12.5 million via an equity fundraising, said sources familiar with the matter...
For some reason Betaville still has its doubters. Indeed, often when Betaville publishes scoops and scoopettes this website's inbox is flooded with all sorts of disparaging notes expressing doubts about the veracity of my tales. ..
Oh look - Sirius Petroleum has finally confirmed my scoopettes about its financing discussions with FTSE 100 oil giant BP. Here is the link: