Comment: Re:Upstream versus downstream (Score 1) 230
Good comment.
I think contagion risk could also be a factor. Take BP for example. If upstream and downstream were separate companies then the Texas City accident wouldn't have affected the share price of the E&P business, and the GoM accident wouldn't have affected the value of refining.
I think contagion risk could also be a factor. Take BP for example. If upstream and downstream were separate companies then the Texas City accident wouldn't have affected the share price of the E&P business, and the GoM accident wouldn't have affected the value of refining.