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-- guys just talk about nationalizing -- we about it.
Me beat me -- is one helpful but -- -- that does McDonald it is wild tool it's not an easy.
No it I don't think it would happen if anybody had with right thinking individual and the US government because.
Essentially you're seeing a company -- provides most of the oil.
To the Pentagon so if petrochina that's standard -- talking about that that would be a very sticky regulatory issue this -- -- -- noted.
The issue though -- BP survive so taxpayers avoid the hit.
Set aside the boycott set aside to seize BP.
That's the real issue the cash burn here is dramatic and also having gone through the -- -- it BP because I'm an accounting geek but -- accounting analysis.
They have under reserved to that against your whopping huge balance sheet and they do not have the cash and cash equivalents to handle a crisis of this -- that women would stop the to stop the presses.
You go through the books they do not have the cash.
But on hand right now they -- and now all in the future.
To meet may be thirty billion dollars with the cost look today at its 33 -- losing steam noted from Goldman Sachs 37 billion.
From Credit Suisse but that assumes that -- -- is an up and running business right now -- its cash burn.
Is so dramatic and it has been dramatic since the fourth where all night it will not have been the ability a lesson sells assets less the fills barrels in reserve.
Unless -- -- you know some of its joint ventures which it needs to add that to drive its profits going forward OK so it doesn't have the money -- have a cash on hand and I do right now and has about six point seven billion cash and cash quickly get the cash it's gonna have to sell some kind of passage in the future which have been on its profitability heard its future caps look to make these Clinton it is Clinton so could it selling to China.
Could it could it be forced into a merger with China and that's issuing do we want to petrochina owning the pipeline of the oil into the -- on a video to -- with the money to pay.
Not nothing to say that this is that this is a natural fit for the company and by the way getting back to -- -- the dividend reports -- -- that.
DP and shell account for about half the dividends paid by UK companies the dividend is really matter in other words shareholders buying into the stock for it for the dividend.
So you know so this is a serious issue that the government say.
We're wanna see if that dividend not just to pay the -- -- a play that laid it laid off workers BP saying that violates the 1990 Exxon Valdez law lookout quickly -- they're at thirty billion in trailing cash -- are you discounting that because you're seeing and yes.
And -- -- -- seven point seven billion operating cash flow and so that would come down if they had to sell very important assets they might is we got more from -- just them.
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