Worldwatch predicts that some energy companies like EXXON, will launch a hostile offer for BP...Shares in BP fell a further 6% on Wednesday amid fears that it will cut its dividend to help pay for the Gulf of Mexico disaster.
Shares in the oil giant were trading at 384.6p by mid-afternoon. April's oil spill has sent shares in the company tumbling. Before the disaster, they were trading at 648p.
On Tuesday, BP shares lost 5% after US President Barack Obama said he would have fired chief executive Tony Hayward over remarks he made.
Mr Hayward made comments such as "I want my life back" and called the Gulf "a big ocean" in the wake of the disaster, which killed 11 people.
The sharp fall in BP's share price is bad news for UK pension funds, which
invest heavily in the firm.
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