Oil price going forward, page-2

Yes, I've been reading more and more how unlikely we may see a return to $70 a barrel as the US shale produces can start to bring some of their fields online at those prices. I'm just hoping for stabilization of 55-60 dollars as it seems that SNE will be profitable at $40+.

We should have a much better picture by the end of the year.

For the long term holders, its such a shame they didn't drill at SNE all those years ago with Shell. It is what it is and now a new generation of shareholders look like they will benefit. It just looks like any wealth will now be distributed amongst more holders and our cuts of the rewards a little less.

GLTAH.