(Reuters) – BP and Anadarko Petroleum Corp, with a combined 90 percent stake in a ruptured Gulf of Mexico oil well, could handle up to $35 billion in costs from the spill, independent research service CreditSights said on Wednesday.
Assuming costs come in under $35 billion, stocks and bonds of the companies are attractive for long-term investors willing to take on significant risk, CreditSights analysts Brian Gibbons Jr and Jake Leiby said in a report.
Dubai’s debt woes could have an impact on a key experiment in the renewable energy sector.
In late November, Dubai indicated that its state-controlled investment firm Dubai World needed to restructure $26 billion in debt, sending a shock through global markets.
Dubai is part of the United Arab Emirates, a federation of seven city-states ruled by hereditary clans. It is largely bankrolled by neighboring Abu Dhabi, which uses Dubai as the UAE business center.