RE: For Those Still Holding30 Apr 2021 22:01
I'm going to put my head above the parapet, oil will be $80 by Q3, which makes HUR a very attractive proposition which makes this whole thing stink of ulterior motives.
Eric Nutell on Twitter summarises the oil industry very well, years of under investment, the smoke screen of millions of barrels closed in OPEC quotas which are never followed. Effectively, the oil industry doesn't have any spare capacity, therefore $80 is probably being conservative.