Chartered proposed oil acquisition of British Petroleum (BP) North American branch _ mind

Chartered proposed oil acquisition of British Petroleum (BP) North American branch of ibls, recent news that British Petroleum (BP) North American Branch (BPNorthAmerica) is applied for bankruptcy protection in order to avoid 20 April oil spill caused by large claims, Chapter 11 bankruptcy protection will give companies avoid the company in any proceedings "umbrella". Sources have confirmed this Wednesday, the United Kingdom oil North American branch of the legal adviser team are considering measures to make the United Kingdom oil to avoid paying for reconciliation between the biggest price (claims). If you filed for bankruptcy protection, then the receiving court official ruling United Kingdom oil before restructuring and other activities are from the company's litigation cases of interference. According to the Wall Street Journal reports on Chinese network, BP share price plummet 15.80% 9 may, at 29.20 u.s. dollars, up once fell to $ 29. From the Gulf of Mexico oil spill began after seven weeks, the stock has lost BP nearly half, evaporation 820 billion. Some traders and even prediction, BP shares may fall below $ 7.50. Oil spill led to the collapse of the stock price of BP, BP may be acquisition rumours emerged. Reuters reports that chartered publish report provides an analysis of the China National Petroleum Co., Ltd. (601857.SH/00857.HK, hereinafter referred to as PetroChina) acquisition of BP's possible, that the acquisition at the economic level there are convincing reasons. Chartered analysis, oil and BP assets do not overlap, the acquisition cost. The acquisition is completed, you will be able to in oil per barrel oil equivalent to the price of $ 7 buy BP's oil reservoir, BP's production will be one-third of China's oil imports. At the same time, the acquisition can be the BP shareholders General retreat of a big opportunity. Chartered pointed out that, as the largest oil and gas producers of BP oil to purchase, from a low-growing the company into a global oil giant, a substantial increase in earnings per share. In oil and BP have merged, oil and gas reserves will than ExxonMobil and shell up to 73% respectively and 187%.