Peter has talked about a Target SP of 1.40 , and potential longer term [could be years ???] upto 1.8--2.20 range . One cant expect him to be more exact as many forces out there I guess .....
The US markets are looking to consolidate as it is operating on fiction , so this could spread to ASX oilers quickly and you might even buy MAD stuff for 50-60c [my thought]. The mad stuff is expensive atm ...