called it ... BOP design flaw. over. No more Gross Negligence. Good corporate citizen credit will be given by court/govt like they did to XOM, keep the $20B for draw downs and claims and lawsuits, BP already has it set aside. APC, Mitsui will have to pay 35%. CAM, RIG and HAL will want this gone so they'll settle for about $2B each with BP.
Next up TNK-BP. BP will probably buy out their 50% portion for a premium, but there is no way Rosneft deal will not go through. Great move along with the India Reliance deal. Market will realize that BP is way undervalued, dividend will increase by end of 2011 and with $5 gas, BP will start making huge money by June. My prediction a $70 stock by March next year, $60 by end of 2011. Lastly, hoping for a share buyback in 2012 as BP will try to reinvent itself as a leaner and meaner exploration company.