Skip to main content

Oil spill could make BP vulnerable

A report from the New York Times mentioned that the current massive oil leak in the Gulf of Mexico could make British energy giant BP vulnerable to a takeover. Royal Dutch Shell and Exxon Mobil are almost certainly running the numbers.

Since the April's incident, investors have wiped as much as $46 billion off the company’s market value. At $141 billion on Thursday, BP’s market capitalization is half of Exxon’s and less than the $165 billion value of Shell, which has traditionally traded at a discount to BP. A separate report from the Channel News Asia pointed out that BP's response costs linked to the huge Gulf of Mexico oil spill have risen to about US$930 million. This figure is expected to increase further.

Cost of cleanup, investors offloading BP's shares and antitrust implications to come is certainly going to take a big hit on BP financial status.

Good luck to BP.

Popular Posts

Ho Ching named 5th most powerful and is mistaken as first lady by Forbes

Forbes named Singapore Prime Minister wife and CEO of Temasek Holdings, Ho Ching, as the 5th most powerful woman in the world. Ho Ching is mistaken as Singapore's first lady! OMG!

I wonder how can Forbes makes such a blunder. For a complete list, refer to here.

How to stop FortiClient from starting automatically?

Installed FortiClient recently but the challenge in disabling the application/service from running automatically on every start-up annoyed me. Attempt to stop 'FortiClient Service Scheduler' only return 'Parameter is incorrect' error message.

An article on Technet help solve my trouble. To stop FortiClient from starting automatically, try the following:
Shut down FortiClient from the system tray.
Run net stop fortishield on command prompt.
Run msconfig.
On msconfig, switch to the Services tab. Clear the FortiClient Service Scheduler check box and click Apply.Run services.msc on command prompt to open up show all available services.Look for FortiClient Service Scheduler. Switch Startup type to Manual.Restart your computer. FortiClient should not be running automatically the next time round. Hope it helps.

DBS Coin Deposit Machines

DBS Bank has installed quite a few Coin Deposit machines at various locations e.g. Woodlands Civic Centre, Bedok, Towner Rd, South Bridge Rd, etc. These machines even accept 1 cent coins. However, the use of these machines do incur charges.

Read on
100 pieces = 75 cents ($0.75) chargeIf you deposit before 2pm on a working day, you will only see it in your bank account by 8pm on the same dayIf you deposit after 2pm on a working day or on a non-working day, you will only see it in your bank account by 8pm on the next working dayCharges are waived for kids account Correction: Charges will still be debited from a kid's (less than 12 years old) account when doing coin deposit. To waive the charges, you are required to retain the receipts and bring them personally to a DBS/POSB counter for a refund. Yes, the Coin Deposit machines are not intelligent enough to determine if the designated account is a kid's account.Currently, DBS website does not have information on this new Coin Deposi…