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  • Bank of America Corp. (NYSE:BAC) Hired by ConocoPhillips (NYSE:COP) for Asset Sales

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    Wednesday Feb 9, 2011 at 11:24 am EST
     
    Bank of America Corp. (NYSE:BAC) Hired by ConocoPhillips (NYSE:COP) for Asset Sales
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    As per sources, Bank of America Corp. (NYSE:BAC) has been retained by ConocoPhillips (NYSE:COP) to help them in selling their assets in the North Sea.

    The actual sales process could start soon, according to the sources, who identified northern, southern and central regions of the North Sea as the stakes to be sold are located.

    Also attempting to sell North Sea assets are Exxon Mobil (NYSE:XOM) and BP Plc (NYSE:BP). Most of the assets are those slowing down in production.


    Shares of Bank of America Corp. (NYSE:BAC) are trading at $14.62 Today above the resistance level of $14.39. Major support points for Bank of America Corp. (NYSE:BAC) below current price are at $14.39, $13.67, $12.5, $11.95 and at $11.6. Resistance levels above current price are at $14.95 and $15.57.


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