Bearish analysts have completely ignored past history. Oil always rises 50-100% within a year of a price crash.
AKK gross margins have probably gone from close to zero to >50%. If oil hits $75 they are very profitable. At $100 oil AKK would be a river of (black) gold. That is enough to explain the rise.
DYOR
AKK Price at posting:
3.4¢ Sentiment: Buy Disclosure: Held
