I'd be happy to see oil in the 70+ range in 2016 but see POO remaining stagnant for the remainder of 2016 as we work off the glut (barring sudden supply issues off course).
Woodside should do well if they manage to finalise the deal whereby they get ConocoPhillips share of Senegal (not a done deal yet - not until the contract is finalised and the ink is dry)
Your thoights come next week., page-3
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