*ABBEY NATIONAL SAYS BID FROM SCH VALUES GROUP AT 609P/SHARE, 8.9 BLN STG

Don't know - I think I can live with it. Long a few more at 547... not overcommitting myself though.

No Martini happy with my sell on friday , BPRG AL ;-)

i missed the effin spike can u believe it !!

fulhamken - yes, so did I, but to be fair, I'm not sure if I'd have caught it even if I wasn't doing some job stuff at the time.

I'm very comfortable with my average 548 position (famous last words!), and I intend to hold until I get a good exit price. Unless the overall market (edit: or Santander obviously) tanks... then I'll have to re-evaluate.

BPRG in that critical area, Boyse, where it went ballistic.

Added a few AQP.

http://moneyam.uk-wire.com/cgi-bin/articles/20040726100000PA7B2.html

have been thinking about yukos. putin is no doubt a very shrewd guy. to show his authority, we know what he has done to yukos. imo he will take charge of yukos's assets thru other companies and........
if i were him i would be heavily long oil futs. when the news does come out re yukos closure, god knows what price oil will be at.
considering this scenario is plausible - avoid long posn in airline, shipping and chem.

pushing it on Al

Nudging above my 85EMA, Boyse. Very nice! ;-)

sandeep, I dont know the percentage of world oil thats from Russia but I dont think its huge, you might be right but I doubt if the russion production is enough to badly affect the world price. Saudi is still the biggest by far and still has the largest stocks as well.

Spaceman - as far as I'm aware Russia has potentially the biggest oil reserves in the world. Problem is they simply cannot get their act together.

Oil traders have been blaming the Yukos thing for the current high prices.

Tra-la-la!

spaceman - according to nloomy yukos is the largest oil producer after saudi

Al, exactly, as far as i know its real stocks are unknown at the moment, production is not that good. Saudi still the one to watch ;-)

Also added some AQP.

sorry nloomy is bloomy (bloomberg)

Wonder if BFP will reach 80p today. Still short. ;-)

FTC results Monday. Very short!

Covered BFP +6. 'Tis enough for me! ;-))))