I hope you are right about this afternoon, however I think it may be Monday morning. Will give some the opportunity to drag this down some more today and pick up some cheaper shares from a few worried sellers.
Boonvilleaggie ............ i agree with your $2.35, i actually think it will be $2.35 to $2.45, but my numbers/assumptions are a little different in getting to that level. BP's share of the daily production levels for Oct was 78.7k barrels and the price of oil averaged $100, for November, BP's share of the daily production was 84.6k barrels with the average price of oil $94 (basically) and for December production, as of yesterday, has averaged 84.4k barrels (however yesterday production did hit 89.5k barrels for BP) and i am assumiong oil will average $97/barrel for December (average is a little higher as of today and hopefully will stay over $97). So i agree with you that oil will average $97/ barrel for the quarter, then adjusting this for chargable costs (i estimate $30.50/barrel) and taxes (i estimate ($25.50/barrel), leaves us with a net $41/barrel for the distribution. I estimate that the daily production for the quarter will average 82.5k barrels for BP (using only 84.4k for December), with BPT's daily share at 13.6k/barrel or 1.250 million barrels for the quarter. With a net of $41 for the distribution times the 1.250 m barrels, results in $51.3 million available for the distribution or $2.38 (this may be a few cents conservative based on the recent rise in both the producton levels and the price of oil). So we get the same answer with a few different assumptions. All is all a good dividend and a 2-4 % increase over 2012's 4th quarter.