RE: Oil heading lower28 Feb 2020 15:49
The virus is temporary the need for oil for at least the next 40 years is not.
TLW are producing plenty, have a shedload of discovered oil (Kenya/Uganda) - billions of barrels and have some of the most enviable exploration licences.
Sooner or later there will be a hige correction the shorts will close and there will be the mother of all rebounds.
Needless to say if there is a bid (and there has never been a better opp) this will open at the offer price...