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BP p.l.c. Message Board

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  • raman_ds raman_ds Jan 22, 2011 10:39 AM Flag

    Latest News on Dividend Reinstatement?

    Legal lawsuits would go on for years..Once they have visibility on ball park figure of claims..they will reinstate..which i think will happen Q1 or Q2 2011..
    Also with oil in +$90 range, they have high cash flows to take care of dividend.
    Some of the stock buying is due to likely of dividend restoration..
    Smart money is buying will go +$50 a share.. a gap up once they announce..
    I would load the shares in this range..
    1-2 yrs of now..we will realize why didn't we buy BP under $50 a share..

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