Ann: Senex to retain strong net cash position at end FY15, page-10

Bit predictable these sell-side calls. BofA SP would rise if a POO collapse given its banking book, low SP, sanctions fines in US & lack of wholesale bank (Merrills mostly cut away). Citi as the oil sheikh's bank would sing +ve POO tune for House of Saudi geopolitical interests. Saudi seems to b big downramper of POO by glutting market with oil. Goldilocks price is nearly here (US shale oil supply sentiment gone, global consumers (ex-Aus)have been stimulated & majority of Sunni OPEC members supported by Saudi will survive & prosper).

If POO reaches $50, that is so far from the Goldilocks price, OPEC will end with Saudi & greater majority of OPEC members enutralised. Consumers will reign supreme but it's only a dream, no reality. Saudi's game is to disrupt high cost producing coys IMHO but DYOR.