Oil $60 Short Term Target, page-169

Crude near $70. That's 27% above the average price expected to 6 months to June 2021. So even if we average $65 that's 18% above guidance. Share price should be $2.05-$2.10. At these prices you would expect they would be extracting at maximum. So more volume and hence further upward. Moreover, the company should start searching for oil reserves immediantly. Oil ain't going anywhere soon. Until electric cars are on par with petrol/diesel cars you can forget it. Still another 5 - 10 years away and then we still have 10 years of the current cars to get off the road. So we are talking about 20 years minimum. And that's if it gets off the ground. Whilst Oil Search & WPL have much more overheads and have been making losses BPT still made a profit in the half year and will still probably perform better relatively to June 2021. Expect price $2.30 plus post August 2021.