No. of Recommendations: 9
The key is what’s your view on the oil price?
Perhaps an even more important question, who are the low cost producers?
In one sense, the price doesn't matter all THAT much. The low cost producer can make a decent amount of money even during the trough of a pricing cycle, even while nobody else does. And that never lasts forever, because all the higher cost producers will cut all investment. The cure for low prices is low prices.
Two men running through the woods.
"Do you think that bear can outrun us?"
"I don't have to outrun the bear, I only have to outrun you!"
Jim
