Agree Coroprate I note DLS has extended its gap over BPT by 7c ....

Agree Coroprate


I note DLS has extended its gap over BPT by 7c . May do a switcheroo and balance exposure between two of this holds tomorrow
I think DLS is now trading at a price reflecting the current spot, so I expect another 2-4 cents and some consolidation until we Brent in the high 50s. Reason is I am confident BPT will sell infrastructure assets along with majors and buy some of the CB acreage . DLS is likely to be with them on this purchase journey . If DLS rallies to mid 60s while Brent is sub 55 I will sell