Outlook for the O&G industry., page-6

Painful to think about I know but what does the very short term offer for BPT ?

Well the pundits are forecasting that the next 1 to 3 weeks is looking very grim for oil in general at this stage with prices of less than $20 a barrel...

https://www.cnbc.com/2020/03/17/oil-prices-could-hit-the-teens-in-coming-weeks-as-markets-crater-over-coronavirus-and-price-war.html

Smart money is pointing to the biggest ever crude oil surplus in many peoples lifetime with a tsunami of cheap oil headed our way.

https://www.thehindubusinessline.com/markets/commodities/the-world-is-heading-for-its-biggest-ever-crude-oil-surplus-says-ihs-markit/article31084149.ece

You have to wonder where this will stop but with a global recession almost guaranteed, BPT in the next 30 days is highly likely to be below 90 cents and then even likely lower.

GLTAH DYOR & HTFO