I think we might be over $100 again ... the straits are not really open and that will dawn soon as Iran maximises the pain during 'negotiations' .... why wouldn't it ?! The higher the oil price, the stronger their negotiating position !
The drop will happen but will be temporary as share placing is not dilutive. A fantastic buying opportunity for those with spare cash, as market value is just 2 or 3 tines cashlow for this year.