BP (BP -1.6%) is considering a share buyback with part of the cash from the sale of its stake in...

|About: BP p.l.c. (BP)|By:, SA News Editor

BP (BP -1.6%) is considering a share buyback with part of the cash from the sale of its stake in TNK-BP as one possible option to offset the dilution of value, but shareholders apparently wanted more than $12.3B in cash. Word on the floor is it will be hard for the stock to advance much from here due to the Macondo overhang, which could be anywhere from $15B-$25B.