RE: Re Shorts4 Apr 2018 10:01
Long term investment for me, Enquest has turned a corner, Kraken pumping at near maximum and the other assets getting some maintenance to bring production figures up. BE lowered, Capex considerably lower this year. Debt reduction from October.
Its a great entry price at the moment. I don't believe the oil price has peaked, not with the unseasonable draw downs we have seen over the last few months. Driving season now underway.
Declining oil production across the world excluding the majors.