(Bloomberg) – The Chances that a Rival Oil Company will take over bp plc are slim right now, even as peers have been running the numbers, hundred of the fIRM’s Size and COMPERS Moelis & Co.
“We can’t identify anybody in the us that would be a buyer,” Moelis Chairman and Global Head of Energy and Clean Technology Stephen Stephen Trauber Said in an interview in monday. “We don’t really see any others globally
Shell Plc is “Probably the one that fits the best” with bp from an asset and regulatory percetive, trauber said. Bloomberg reported last month that the company has discussed the merits of a takeover with its advisers,
Shell began its Pivot Back to Oil and Gas from Clean Energy Much Sooner Than Bp, Putting it in a Stronger Position today. “I think shell sees their way back much quicker than bp does,” trauber said. “So why dilute that upside?”
Read: fifteen years of bp losing out to Shell
At some point in the future, when shell has further improved its Valuation and Balance Sheet and “IF BP STILL SITS Where they Sit,” That Cold be a Better Time to make a transaction hand. “At some point you’ve got to think about all of the options if you do’t get the Momentum in your share price that you want to see,” He said.
But until then, it’s a longshot for anyone to take out bp any time song, trauber said.
Meanwhile, BP’s $ 20 Billion Divestment Program Faces Challenges. The biggest Single Potential Asset Disposal – Lubricants Unit Castrol – have “a limited universe of potential boyers,” Moelis managing director Ali Hassen Said. “So it’s not a don deal, even if they run a process that is pretty competitive.”
If bp was to try to sell its portfolio of high-quality oil assets in the us, there would be lots of interest, but a deal on that scale cold raise questions about the future of the rest of the company Director Muhammad Laghari said.
“The bar is going to be very high on Separation, because then the question is going to be: What’s left over?” Laghari said.
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