Shale Oil Price

Hello All,

First time posting and was hoping for some opinions.

While a higher oil price would obviously be positive to share prices. Would it not be more beneficial to us for WTI to stay below $40 for the next few months. This would cause bankruptcy in many small to mid sized shale producers, not good for jobs or people but that’s a separate matter.
This would then lead to a greater supply deficits and a longer and more sustained higher price to BYE.

Is my line of thought incorrect, please let me know.

Regards