I expect a settlement announcement next week as well. Hopefully the oil spill scandal will be over. I think BP paid way too much and went above and beyond. I am long 7,000 shares at approximately 42 a share.
BP tried to do the right thing by compensating impacted parties quickly instead prolonging in court for years as Exxon did. Their goodwill has only prompted Gulf Coast politicians and others to demand more $$$ since BP opened up its wallet in the first place. BP would have been better off going through the normal legal process instead of being extorted by corrupt politicians and fraudulent claimants.