Great to see the support for CE1.
Had one big seller who was silly enough to take out 0.8, but the smart money has definitely come back.
70 million traded already and we are back at 0.9.
With governments globally throwing money at economic stimulus, forecasts of WTI being US$100/bbl is definitely on the cards.
At those prices and with the likely increases in production and reserves bookings you would see from those prices, seeing north of 5c would definitely represent fair value.
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