BHP Sells U.S. Shale Assets To BP for $10.5 Billion

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  • #17563
    Corporal
    Participant

    Australian mining giant BHP announced it will sell its…

    [article]978[/article]

    #17576
    ThePitBoss
    Participant

    BP PLC $BP reiterated as Buy and price target raised almost 4% in UK prices at HSBC. Analysts cite the BHP Billiton shale acquisition and call BP undervalued
    compared with a stronger growth and free-cash-flow profile against peers.

    #17887
    ThePitBoss
    Participant

    Total Will Not Follow BP Investing in U.S. Shale Oil

    French energy group Total $TOT is not looking at investing in the U.S. shale oil industry when asked whether peer BP’s $BP $10.5 billion acquisition of U.S. shale assets from BHP Billiton $BHP #BLT had made that sector more attractive.

    “It’s first quite expensive, second we don’t have the human resources. BP had the human resources, BP had already a position, so I can understand their move but it’s not my case,” Patrick Pouyanne said on the sidelines of an oil conference. via Reuters

    #24078
    ThePitBoss
    Participant

    BHP Group #BHP Downgrade by Credit Suisse Outperform » Neutral

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