THE ONLY WAY IS UP., page-2156

Mate if you have no insights or information to share then perhaps stop clogging the thread. Let’s leave the to those who actually have information or some foresight even if it’s their own reasoning and we as shareholders can make our own decisions. Rambling just doesn’t do anyone any good.

My thoughts are I think Russia/Ukraine may come to an agreement. So I think we will have another rally (which is happening now). Although BPT share price isn't reflecting the oil price spike perhaps as it’s temporary or it is mostly contracted the output of its oil.

Medium term oil will still be over $90 per barrel specially in June July and August. It’s during this time we may get some more benefit from the oil price as new contracts are agreed at higher prices to secure gas/oil as well as hopefully some tangible outcomes from the exploration. BPT knows that it has a output problem above everything else. Note output will also increase and new contracts agreed with the new wells being prepared which is taking place at the moment.

So in short we may hit $1.70 soon then fall back to $1.50 if the war is over. But in the medium term we will hit $2.50 once output increases and new exploration wells are found. They won’t have to be large reserves. The oil price and lack of investment in the past 5 years will keep oil prices high.