Russia could Own Parts of BP??

[Jimbeaux]

GTIR said:

I'd trust the Ruskys over the Yanks anyday.

Excellent, I hope that works out for you. Have you happened to educate yourself on past dealings between BR and Russia?

Edited by Jimbeaux on Saturday 15th January 16:27

[Jimbeaux]

GTIR said:

HowMuchLonger said:

BP have an excellent history in Russia

Hope this works out better than the last few times.

I'm guessing its in Rosneft's interests to cooperate as they are in bed together, as it were, and BP has the deep drilling technology and knowhow (is that a real word?) so it'll not be a fruitless exercise as it has been for many western companies previously.

They will get it drilled, set up, making money and then.....be "nationalized". Russia, is a "mafia state"; don't be surprised.

Edited by Jimbeaux on Saturday 15th January 16:31

[GTIR]

Jimbeaux said:

GTIR said:

I'd trust the Ruskys over the Yanks anyday.

Excellent, I hope that works out for you. Have you happened to educate yourself on past dealings between BR and Russia?

Edited by Jimbeaux on Saturday 15th January 16:27

BR you say.

I have had dealings in business with Russians and Americans, as I've already stated, and I would prefer dealing with Russians over Americans. I'm quite sure these "past dealings" you speak of have had zero effect on your insular life.

If we are going to talk about the past we could start with the many American "dealings" over the years?

No?

[Ozzie Osmond]

GTIR said:

Stuff about doing business around the world.

It's important to keep these things in perspective,

• Day out - trip to New Orleans

• Big day out - trip to Houston

• Going abroad - trip to Florida.

• Visiting the Far East - trip to Washington DC. Where the president lives. Who Neo-Cons don't like.

[HowMuchLonger]

GTIR said:

HowMuchLonger said:

BP have an excellent history in Russia

Hope this works out better than the last few times.

I'm guessing its in Rosneft's interests to cooperate as they are in bed together, as it were, and BP has the deep drilling technology and knowhow (is that a real word?) so it'll not be a fruitless exercise as it has been for many western companies previously.

BP have been here before, so it's not the first time and won't be the last.

With regards to ERD, yes BP have a track record (in public), but so have the Russian companies.

[GTIR]

Ozzie Osmond said:

GTIR said:

Stuff about doing business around the world.

It's important to keep these things in perspective,

• Day out - trip to New Orleans

• Big day out - trip to Houston

• Going abroad - trip to Florida.

• Visiting the Far East - trip to Washington DC. Where the president lives. Who Neo-Cons don't like.

Fair dinkum!

I was asked by an American couple "What were those white fluffy things in the fields?" said the wife "Er, sheep?" I replied "Oh, you have those here?" WTF! That's verbatim.
Then, "What season are you in?" said husband "Summer, same as all of the northern hemisphere"

Same week different Americans while looking at a field with it's harvest of sugar beet piled up "Why do you guys remove all the rocks from the fields! Wierd man."

Ok, these guys are frequent travellers and it really worries me that educated travelled business people come put with this idiocy. Fact.

[JungleJim]

HowMuchLonger said:

GTIR said:

With regards to ERD, yes BP have a track record (in public), but so have the Russian companies.

ERD?

[Jimbeaux]

GTIR said:

Jimbeaux said:

GTIR said:

I'd trust the Ruskys over the Yanks anyday.

Excellent, I hope that works out for you. Have you happened to educate yourself on past dealings between BR and Russia?

Edited by Jimbeaux on Saturday 15th January 16:27

BR you say.

I have had dealings in business with Russians and Americans, as I've already stated, and I would prefer dealing with Russians over Americans. I'm quite sure these "past dealings" you speak of have had zero effect on your insular life.

If we are going to talk about the past we could start with the many American "dealings" over the years?

No?

The tip off to someone being a bit childish is when they lead off with bolding a spelling error; congratulations.
I never implied said past dealings had anything to with me.
As to insular, you show your ignorance/arrogance as you nothing of me, my background, or experiences. I can see jousting with you is going to be a boringly simple task. Go practice then return when it's worth my while.

Edited by Jimbeaux on Saturday 15th January 23:17

[Jimbeaux]

Ozzie Osmond said:

GTIR said:

Stuff about doing business around the world.

It's important to keep these things in perspective,

• Day out - trip to New Orleans

• Big day out - trip to Houston

• Going abroad - trip to Florida.

• Visiting the Far East - trip to Washington DC. Where the president lives. Who Neo-Cons don't like.

That is funny. Actually those trips cover more distance than most Euro-outings and touches more cultures than you would probably realize. While there are certainly those that confined, I would wager there are UKers of equally limited travel. However, to assume that includes myself would be a mistake.

[Jimbeaux]

GTIR said:

Fair dinkum!

I was asked by an American couple "What were those white fluffy things in the fields?" said the wife "Er, sheep?" I replied "Oh, you have those here?" WTF! That's verbatim.
Then, "What season are you in?" said husband "Summer, same as all of the northern hemisphere"

Same week different Americans while looking at a field with it's harvest of sugar beet piled up "Why do you guys remove all the rocks from the fields! Wierd man."

Ok, these guys are frequent travellers and it really worries me that educated travelled business people come put with this idiocy. Fact.

How really juvenile. Are you implying that I can't find British tourists equally aloof? You really should not set yourself up like this, you are an easy mark.

[anonymous-user]

I HATE AMERICA!!!


<Runs>

[elster]

Jimbeaux said:

Ozzie Osmond said:

GTIR said:

Stuff about doing business around the world.

It's important to keep these things in perspective,

• Day out - trip to New Orleans

• Big day out - trip to Houston

• Going abroad - trip to Florida.

• Visiting the Far East - trip to Washington DC. Where the president lives. Who Neo-Cons don't like.

That is funny. Actually those trips cover more distance than most Euro-outings and touches more cultures than you would probably realize. While there are certainly those that confined, I would wager there are UKers of equally limited travel. However, to assume that includes myself would be a mistake.

That is a little amusing.

Although the thing is America has almost every terrain. So you have hot beaches, countryside, mountains, desert. Just no jungle.

I do beg to differ that the cultures are that vastly different. I would say the far east, middle east, Africa and South America have completely different cultures.

[Jimbeaux]

elster said:

That is funny. Actually those trips cover more distance than most Euro-outings and touches more cultures than you would probably realize. While there are certainly those that confined, I would wager there are UKers of equally limited travel. However, to assume that includes myself would be a mistake.

That is a little amusing.

Although the thing is America has almost every terrain. So you have hot beaches, countryside, mountains, desert. Just no jungle.

I do beg to differ that the cultures are that vastly different. I would say the far east, middle east, Africa and South America have completely different cultures.

Read a bit closer. I said more cultures than you may realize, not more diverse than those you mentioned. However, there are communities with each of those you touched upon. I suspect you have not really experienced the vast differences in the U.S. to be sure of your statement. I will wait until a normal hour for others with a more balanced view to chime in.

[GTIR]

Bloody hell some people are sooooo touchy!

Seriously, chill out. I'm just, successfully, winding you up jimbeaux.

[Jimbeaux]

GTIR said:

Bloody hell some people are sooooo touchy!

Seriously, chill out. I'm just, successfully, winding you up jimbeaux.

Really That could be interpreted as someone changing their tune due to losing a debate. However, that certainly could not be the case in this instance as it is you involved me lord; therefore, I will withdraw.

[HowMuchLonger]

JungleJim said:

HowMuchLonger said:

GTIR said:

With regards to ERD, yes BP have a track record (in public), but so have the Russian companies.

ERD?

Extended reach drilling.

Very long, relatively shallow wells. Incredibly difficult to drill successfully.

[GTIR]

Jimbeaux said:

GTIR said:

Bloody hell some people are sooooo touchy!

Seriously, chill out. I'm just, successfully, winding you up jimbeaux.

Really That could be interpreted as someone changing their tune due to losing a debate. However, that certainly could not be the case in this instance as it is you involved me lord; therefore, I will withdraw.

Loser!

On a serious note. Yes BP have invested in Russia previously but contrary to popular beliefs did not fail - simply had a rough ride but still returned at least 8 times it's original investment in TNK-BP, Russia's third largest oil company, that's around 17bn in dividends. (I'm pretty sure that would make it BP's best investment to date, however I'm not that much into BP history to confirm that)

So, at the end of the day they are perfectly suited to deal with those Russians having plenty of experience.

Incidentally, the ex CEO of TNK-BP is.......Bob Dudley. BP's new American CEO.

The US is severly pissed off because they wanted to do the deal, along with many other oil giants. I think Russia chose BP partly because of the oil spill. The Russian arctic area is a major protected area so BP have the experience to deal with and prevent any distasters.

Win, win and indeed win.

(especially if you have shares in BP)

[Jimbeaux]

GTIR said:

Jimbeaux said:

GTIR said:

Bloody hell some people are sooooo touchy!

Seriously, chill out. I'm just, successfully, winding you up jimbeaux.

Really That could be interpreted as someone changing their tune due to losing a debate. However, that certainly could not be the case in this instance as it is you involved me lord; therefore, I will withdraw.

Loser!

On a serious note. Yes BP have invested in Russia previously but contrary to popular beliefs did not fail - simply had a rough ride but still returned at least 8 times it's original investment in TNK-BP, Russia's third largest oil company, that's around 17bn in dividends. (I'm pretty sure that would make it BP's best investment to date, however I'm not that much into BP history to confirm that)

So, at the end of the day they are perfectly suited to deal with those Russians having plenty of experience.

Incidentally, the ex CEO of TNK-BP is.......Bob Dudley. BP's new American CEO.

The US is severly pissed off because they wanted to do the deal, along with many other oil giants. I think Russia chose BP partly because of the oil spill. The Russian arctic area is a major protected area so BP have the experience to deal with and prevent any distasters.

Win, win and indeed win.

(especially if you have shares in BP)

BP appears heavily in most American portfolios, so that would be a good thing for us. Perhaps, being wounded from the spill made them more attractive as they were willing to give up more in the deal.

[GTIR]

Jimbeaux said:

GTIR said:

Jimbeaux said:

GTIR said:

Bloody hell some people are sooooo touchy!

Seriously, chill out. I'm just, successfully, winding you up jimbeaux.

Really That could be interpreted as someone changing their tune due to losing a debate. However, that certainly could not be the case in this instance as it is you involved me lord; therefore, I will withdraw.

Loser!

On a serious note. Yes BP have invested in Russia previously but contrary to popular beliefs did not fail - simply had a rough ride but still returned at least 8 times it's original investment in TNK-BP, Russia's third largest oil company, that's around 17bn in dividends. (I'm pretty sure that would make it BP's best investment to date, however I'm not that much into BP history to confirm that)

So, at the end of the day they are perfectly suited to deal with those Russians having plenty of experience.

Incidentally, the ex CEO of TNK-BP is.......Bob Dudley. BP's new American CEO.

The US is severly pissed off because they wanted to do the deal, along with many other oil giants. I think Russia chose BP partly because of the oil spill. The Russian arctic area is a major protected area so BP have the experience to deal with and prevent any distasters.

Win, win and indeed win.

(especially if you have shares in BP)

BP appears heavily in most American portfolios, so that would be a good thing for us. Perhaps, being wounded from the spill made them more attractive as they were willing to give up more in the deal.

Possibly, however I'm not sure what you mean by "give up more in the deal"?
They own more in % terms than the Russians and I can only see Rosneft quadrupling it's value over a very short period of time. Sure, they have 5% of BP but so do other investors and those people have not given BP any % of their comepany.

I don't see how they are losing anything considering they are getting access to larger oil and gas reserves than the Middle east and (gas) Europe.

Just watch the share price increase over the next 10 years before the resources come online. This is going to be massive and will make Facebook and the like deals seem like small fry in comparison.

[Jimbeaux]

GTIR said:

Just watch the share price increase over the next 10 years before the resources come online. This is going to be massive and will make Facebook and the like deals seem like small fry in comparison.

Could be; if so, good for all. I suspect trouble myself.

Did you just compare the BP-Russian oil deal to Facebook?