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Report from Lehman's reckon oil will stay at $50+ for the next 4...

  1. Cincinnati Red
    2,899 Posts.
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    26/07/05
    06:40
    Post #: 1050974
    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"
    HDR Price at posting: 0.0¢ Sentiment: LT Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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