BP (NYSE:BP): Not Selling Assets, Not Selling Stock, Not Selling Shares

There has been many rumors surrounding whether potential investors would purchase BP (NYSE:BP). It seems to be more of a fairytale hope then anything else according to analysts.

There are several variables that must be looked at. For one, are BP's assets worth the hassle? With the thousands upon thousands of legal claims as well as the public relations issue, for any oil company to take on BP would be an extreme risk.

Paul Malchanov, an analyst for Raymond James in Houston, TX., said, " It's very debatable that any company would be comfortable wading into this legal nightmare, which would last many years. The biggest problem is getting your hands around the liabilities."

While the CEO of Petroleum and Resources Corporation, Doug Ober, said he's even heard traders talk about Conoco Phillips purchasing BP. " The likelihood of BP getting taken over is next to nil. Why would a U.S. company want to buy BP given the black eye that it has," said Ober.

Malchonov said he does not recommend BP for investors. Other companies like Chevron and Hess are trading at cheaper valuations. There is still to much risk and uncertainties with BP.

Anadarko (NYSE:APC) Trading Stopped To Prevent Market Crash

Trading of Anadarko (NYSE:APC) shares was stopped this morning to prevent a market crash. There was a trade that triggered new individual stock breaker rules on the New York Stock Exchange.

Anadarko's trading was stopped from 10:56 am to 11:01 am. What spawned it was a trade that valued Anadarko's shares at $99,999.9 said Ray Pellecchia, New York Stock Exchange Euronext spokesman. The trade was canceled at 11:03 am and did not cause any other trades for the stock at the same price said Pellecchia.

This is the third time the NYSE has had to stop trading of a stock after several bad trades were thought to cause a short market crash back in May of this year.

"We are still learning from the experience. In all three cases, trading was suspended before the erroneous trades could cause broader effects in the market. The first two suspended stocks were Citigroup Inc. and Washington Post Co., said Pellecchia." Once trading commenced, Anadarko closed seeing a rise of 57 cents to $38.64.