I read another article that mentioned opec could force it down as low as $30 (2008 low)
My personal take is that they will need to keep it low for at least a year or 2 to achieve their objectives. Otherwise they are just costing themselves money.
IMO this should give the patient plenty of time for an entry as the risks and uncertainties play out.
FAR Price at posting:
6.3¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)