Re your comment "Correct, you need to be confident of a short term movement above what the futures market is pricing."
Please take me serious here but does that comment only relate to short term holders? If I am a long term holder (say 3-5 years), apart from waiting a bit more longer because the SP might be even lower than it currently is, should I even worry about where the price of oil is in the next few months (in comparison to where the futures contracts prices are)?
I'm hoping the price of oil is at least $40 or $50 in the next 3-5 years which is why I ask whether I should even worry about the next few months.
Thanks
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