RE: Brent price next week?15 Oct 2023 08:24
At 30pps this would still be dirt cheap. Agree I think we could well see 100 dollar oil tomorrow. I think it’s going to settle in the 110 to 130 range which will be transformative and I think kick off a revaluation by Christmas to around the 30p mark. Taking all the EPL discussion to one side here is how I am looking at things. Oil is about to become a very precious commodity. And Enquest have plenty of it in a very safe jurisdiction. As I say. Nudge the tax position aside and look through that lens and you have a bargain. The tax position will moderate as it has to.