It always confuses me that why any potential suitor doesn't buy a lot of shares in the secondary market at this level. On the day that buyout happens, it will make a lot of profits, or effectively they buy the company at the current price for the shares they own. I think the obvious answer is there are not so many shares floating on the market. So BP would really appreciate it if there are 125M shorts rather than the current 25M level since shorts virtually create extra shares for buying. I guess BP are waiting for more shorts and of course for more longs to give up their shares.
Thats partly why there are laws for max ownership % before it must be disclosed, and the gold rush after it became known would negate any early advantage. And yes BP loves shorts among other tactics because current share price is one part of negotiations (you do also know that under current regs short holdings are not reported?). So you can be pretty sure there is often laughable and annoying but persistant effort even on these boards to bash for small advantage. Now you also know why some of these idiots stick around here like shinola on a farmers boot with the same old illogical but pretentious fud.