The canceling of the dividend was inevitable, contrary to news stories from last week. BP is worth a lot more than the cleanup costs, but they rightly fear cash

The canceling of the dividend was inevitable, contrary to news stories from last week. BP is worth a lot more than the cleanup costs, but they rightly fear cash flow problems. That's how profitable companies go bankrupt -- they run out of cash. Paying out a cash dividend during a time where near-term cash demands cannot be calculated would be crazy.