Cliffhanger1983 wrote:pstarr wrote:The Anglo-Australian miner bought the US oil and gas assets at the height of the boom, when oil prices were above $100 a barrel. The division has become a lightning rod for dissatisfaction with the company’s strategy, with BHP under pressure from investors, including billionaire Paul Singer’s Elliott Advisors, to spin off the unit as oil prices struggle to recover above the $50-a-barrel level.
Like most everybody else, BHP neglected to check in with the doomers here at po.com. Dumb fools they are lol
Yes and their CEO is the fired former CEO from Ford motors. And I read that they lost around 50 billion dollars investing in shale. Shale oil is all hat and no cattle....
Some hat.....can anyone say...BIGGER THAN GHAWAR!!!! or is admitting how wrong you are one of those things they teach zealots to never do?