1q BP results big beat adjusted net profit $2.63b vs est $1.51b. Exceptional gas trading and marketing results. Encouraging news for others in the sector, and should encourage investors back to the undervalued sector with current growth prospects. Oil held Key support again. Big driving season and Middle Eastern burn ahead this summer. Should bode well for us too......
#UINOIL.....If i had only had the itch on the other nut 50 years ago I could have been a few quid better off then. Oh well; better than no nuts at all. 90p by 3pm
the only technical indicator I have for this is that my left nut is itchy and that's normally served me well in my decision making process. It was really itchy when i bought tullow at 22p so it must be true!
there appears to be real resistance to let it go above 49.75 (ish)........fear of a deluge of shorts closing perhaps? wishful friday thinking perhaps but a nice thought nonetheless.