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BP p.l.c. Message Board

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  • mrcabdrvr1 mrcabdrvr1 Nov 24, 2012 8:22 AM Flag

    5B share buyback means buying the entire daily trade for a month

    BP isn't buying back 5B shares, BP Plc plans to spend up to $5.9 billion buying back its shares. At current share price, the buyback is 144,476,190 ADR shares.

    I established a position at 36.71 earlier this year and adding on during pullbacks. With the increasing dividend, share buyback and a 5 - 10 year horizion this is a good addition to my portfolio.

    Sentiment: Strong Buy

 
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