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BP - Is The Path Cleared For New Highs After Milestone $18.7 Billion Settlement?

Monday, 06 July 2015 16:13 Written by
SummaryBP announced last week that it essentially resolved all oil spill-related litigation. The oil company will pay $18.7 billion, spread out over 18 years, to settle federal, state and local claims with respect to the 2010 Gulf of Mexico oil spill. The settlement is in the interest of BP's shareholders and should clear the way for growth. An investment in BP now yields 5.76%. Yes, BP (NYSE:BP) pulled it off.
And Now We Think BP Will Be Acquired
Monday, 06 July 2015 16:04 Written by
SummaryBP entered the year with two big unknowns; its oil spill liability and the price of crude. BP has finally agreed to settle all claims relating to its oil spill for ~$19B, paid over 18 years, and the price of crude seems to have bottomed. With all the M&A action in the oil & gas sector, we think BP will be next to be acquired. By Parke Shall BP (NYSE:
BP - The Settlement Will Attract Hedge Funds As Buyers
Monday, 06 July 2015 15:32 Written by
SummaryBy settling with the government, BP no longer has a cloud over its balance sheet. BP shares will likely trade more in line with Exxon and Chevron’s 15.5 times forward earnings. BP shares are attractive in the long run. By Jay Smith On Thursday, BP (NYSE:BP) settled all federal, state, and local legal liabilities over the Deepwater Horizon oil spill for $18.7 billion. Although the $18.7 billion settlement is larger
Chat with law experts at noon Tuesday about BP oil spill settlement
Monday, 06 July 2015 13:42 Written by
Who will benefit more from the $18.7 billion Gulf of Mexico oil spill settlement: BP or the Gulf Coast? Chat at noon Tuesday (July 7) with law experts Ed Sherman and David A. Logan about the settlement, how and when the court will approve it, and which side could benefit more. Sherman is a Tulane University law professor and expert on complex litigation. Logan is dean of the Roger Williams University School of Law. Both
BP oil spill settlement: Alabama coast got shortchanged, Byrne says
Monday, 06 July 2015 13:23 Written by
U.S. Rep. Bradley Byrne, R-Fairhope, ripped into state lawmakers on Monday for not earmarking more money to his district from the multi-billion-dollar settlement Alabama and other Gulf states agreed to with BP for the 2010 oil spill. Federal legislation was created with the intent that recovery dollars paid by BP would flow into local communities so local officials would make the decision on where the money would go, Byrne said. But the congressman said only
Texas payout announced for BP oil spill damage claim
Monday, 06 July 2015 13:10 Written by
Zachary Toliver | Shale Plays Media BP is anticipated to pay the largest settlement from a single entity ($18.7 billion) in American history for its April 20, 2010 rig explosion in the Gulf of Mexico. Of that staggering amount, numerous states and surrounding local governments are being compensated for damage claims, including Texas. Texas will receive $788 million, according to a recent report from the Associated Press. Other states due compensation from BP
Chat with law expert Ed Sherman at noon Tuesday about BP oil spill settlement
Monday, 06 July 2015 12:59 Written by
Who will benefit more from the $18.7 billion Gulf of Mexico oil spill settlement: BP or the Gulf Coast? Chat at noon Tuesday (July 7) with Tulane University's Ed Sherman, a law professor and expert on complex litigation, about the settlement, how and when the court will approve it, and which side could benefit more. Leave your question for Sherman in the comment section below. Louisiana is set to receive more than $6.8 billion from
BP oil spill: Claims payments top $5.2 billion
Monday, 06 July 2015 11:04 Written by
The administrator running the BP oil spill settlement says more than $5.2 billion has been paid to individuals and businesses harmed by the disaster. The majority of those payments have gone to compensate businesses and the Gulf of Mexico seafood industry. Claims administrator Patrick Juneau provided details on settlement payments in a June 30 report, part of an ongoing series of reports filed with the federal court as checks continue to go out. BP and
BP plc (ADR) : The Real Cost Of The 2010 Oil Spill Settlement
Monday, 06 July 2015 10:59 Written by
By: Micheal Kaufman Published: Jul 6, 2015 at 12:00 pm EST The BP plc (ADR) (NYSE:BP) oil spill that started on April 20, 2010 still continues. The disaster took place in the Gulf of Mexico on the Transocean-operated, BP-owned Macondo Prospect. On
BP Oil Spill Deal Doesn’t Cover Claims by Insurers, Banks, Others
Monday, 06 July 2015 10:25 Written by
BP Plc’s record $18.7 billion settlement ended government claims over the 2010 Gulf of Mexico oil spill, leaving numerous smaller private lawsuits to be mopped up. While investors, residents and businesses that didn’t join a 2012 settlement still demand billions, BP’s biggest threats are gone, said Anthony Sabino, a law professor at St. John’s University in New York who specializes in complex litigation. The U.S. and the states, partly because of political motivations, “were, by…
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