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they must be ***** R-A-K-I-N-G it in !!!!*****. LOL!!!!!!
***** BRENT NOW $75.10 *****.

EIA report in USA out later................

the sp is not going UP. It's like some big share holder is selling at what... £2.92 ish sitting on the sp like a giant elephant. Well they can only have x amount of shares to sell, and if I'm right they have sold millions the last few weeks. When they have finished the sp will rocket IMHO.
Note Brent now $74.82!!!! Lovelly jubbely!!!
All IMHO

or should I say moving up at full steam?
In the USA double jabbed cruises are basically allowed and have been happening for about 3 weeks as far as I am aware. THAT on it's own is massive news, and GOOD!!!!
All IMHO.

.

will be at the top end of expectations.
Brent has been between $61 and $74 during that period.
Brent is currently $74.63. API report last night was a draw of 4.7m barrels so oil price unlikely to drop any time soon.
USA people will be able to travel to the UK if double jabbed I hear, so more planes in the air.
BP's sp should be going up as far as I am concerned!!
Al IMHO.

Having said that:-
"During the second quarter, cash flow is expected to be impacted by the $1.2 billion pre-tax annual Gulf of Mexico oil spill payment, further severance payments and a smaller improvement in realized refining margins relative to the quarter to date rise in our RMM*. As a result of these factors we expect a cash flow deficit in the second quarter."
So............ but maybe the high oil price has offset the above???? Remember when they did their prediction on or before 27th April Brent was only $66 and it moved up to $75 by end of June, something they would not have factored in by a long chalk.
All IMHO.

From the RNS:-
" - In the second half of the year bp expects to generate surplus cash flow above an oil price of around $45 per barrel with an RMM of around $13 per barrel and Henry Hub of $3 per mmBtu. "
During the 2nd quarter....... April,May,June looking at the chart Brent was between $61 and $74, so one would imagine the surplus cash will be rather good, to say the least. Assuming this turns out to be the case I imagine either an increased dividend, more share buy backs, or both.
I think BP shares are a steal at this price.
All IMHO.

so oil price is not going down any time soon................ IMHO!

we have a looney in charge.

Having disclosed that I'm in BP for the long run. Nice dividend, oil price I expect to stay North of $65 for a very long time etc...

Very good.
£3.14.

been over $60 since mid Feb. BP cut costs during the meltdown etc.......
All sounds good to me plus nice dividend.
All IMHO.

I see the FED interest rate decision is due to be announced tomorrow eveing UK time 7 PM.
Meantime BP are down 0.9%

LOL! "Vice price" !!!
which is a very NICE price for, you know, people who sell oil!

which is a very vice price for, you know, people who sell oil!

sort of massive sell gone through leaving overhang for market to eat through before the sp moves up more than 2%.
All IMHO.

Sp unchanged, yet oil price is $74.83. We will see.

$73.70 LOL!

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