Maybe so. But a quick look at the long term price charts of BPs shows parabolic rises over the past few years ~ a 40 year spike for those going back that far. It’s like the internet stocks in late 90s. Point is that this is an extraordinary period in terms of their market caps. They could easily offer $25 ~ which some here may balk at, but others would not.
We’ve got a great therapeutic (at least we all believe that). And BP has valuations that are literally off the charts of any period in history. Should be ingredients for a deal - at least an offer shareholders can respond to.