I had BP at $39 and I thought it was a great price. I made some dough and sold at $42. Back in at $37.50 and looking for more at $36. This is a great time to get into BP and ride the 5.2% until the profit comes in. BP is still making Billions and will continue to do so. 6-8 months and we should be back in low $40s again.
I would rather the stock price restore. i say the dividend is a bad idea. They need to hold back on the divi, pay off more debt, and have more put away for unexpected claims. And more of this money should be reinvested in contracts that are less risky.