RE: VALUE5 Mar 2022 08:58
Good morning KK, well that wasn't a good day for CASP, in reality the Bid hasn't dropped that much, Fuel prices are going through the roof, I saw 160.9p for diesel yesterday in Manchester !!
$118.11 +7.65 +6.93% ........over $118 for the weekend, I do feel we now in a binary play here, we should be banking huge amounts of money each week, with our MC wallowing down here at £83m, this a due a huge rerate (A word far too often used) or there is something seriously wrong (We are not pumping any oil) I sincerely hope these low prices are for the benefit of Kuats conversion, OH well we are only down a few £m, I think BP has dropped about £15Bn, keep the faith