RE: I noticed15 Mar 2019 09:02
Trying to decide whether this has peaked and any rise further has to be linked to fundamentals and not manipulation.
I guess the rise in SP is more severe now with every $ extra going straight to EBIT.
Looking at it with Brent at say $80:
50,000bpd x $12 (extra on current oil) x 365 is $220m extra EBIT for nothing, which at a PE ratio of 3 would add $660m to the market cap. Would certainly explain being well over 120p