first_img whatsapp Monday 13 September 2010 3:02 am Show Comments ▼ More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Tags: NULL Sharecenter_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeRoof Restoration | Search Ads5 Best Roofing Companies In ScottsdaleRoof Restoration | Search AdsDaily Sport XListing Down The Most Beautiful Women In The WorldDaily Sport XBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlushJobs in the USA | Search AdsFinding a Job in the USA from United States Might be Easier Than You ThinkJobs in the USA | Search AdsMovie JewelAn Aircrew Saw Odd Activity On A Remote Island And Had To Look CloserMovie Jeweltradingfs.com20+ Animals Who Made a Mistake but Look So Cutetradingfs.comPKUYuke Experimental Class for International StudentsPKUMagellan TimesIf You See A Red Ball On A Power Line, Here’s What It MeansMagellan Timeshttps://www.manukafeed.comJust 3 Ingredients Will Help You to Clear Clogged Arteries Without Medicationhttps://www.manukafeed.com John Dunne BP: Spill claims will be under $20bn BP believes compensation claims related to its Gulf of Mexico oil spill will be less than the $20bn the oil giant has put into an independent claims fund, analysts at Citigroup said, following a meeting with incoming Chief Executive Bob Dudley.“He added that given current estimates of claims the $20bn (£12.9bn) Independent Claim Fund (ICF) that BP established probably exceeds calls,” Citigroup said in a research note.Dudley added the $32bn provision BP made for the total cost of the disaster remained a reasonable indicator of eventual cost.Dudley also told the analysts that claims by Gulf states for lost tax revenue related to the spill “should not be too high” as any tax drops due to lower economic activity following the spill would be offset by the economic stimulus of the response effort.Citigroup said that, following the meeting with Dudley, it had growing confidence BP would reinstate its dividend early next year.“Dudley pointed out that the company was not ordered to cut the dividend by the U.S. government – it was a choice by the corporation to preserve liquidity … we believe the company can re-instate a dividend with the Q4 results,” Citigroup said.Analysts at Bernstein took a more sceptical view on a return to dividends in a note on Monday.“BP’s cashflow position should be just strong enough to support a restoration of dividends by 1Q 2011, under an $80/barrel oil price scenario based on estimates. However, this assumes divestments are completed,” analysts at Bernstein said.Dudley told the investment bank that BP’s divestment target remained $25bn to $30bn, despite reports that this had been increased by $10bn.BP was not immediately available for comment. last_img

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