Report from Lehman's reckon oil will stay at $50+ for the next 4 years. It upped its price target on BP,Shell as the consensus was for profits to fall in 05/06 , now forcast a 25% increase ... what a sea-change !! BP up to a new closing high ahead of results released tonight, should make interesting reading.
Disc: Hold BP,BHP,OSH and ROC in "oil-land"
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hnr up 5p in london .. that's 12 cents!, page-8
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