I added today too. I really like how BP were able to cut through the noise. Even if you exclude any potential acquisition(s) the multiple at the present share price on current profitability is exceptionally low. In fact UWL’s market cap has fallen by much more than they’d have to bid extra to secure this deal, which says to me it’s over corrected. This uncertainty is creating a buying opportunity IMO
Ann: Update - Proposed Functional Separation Undertaking, page-6
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