BRENT $35 big support at $20I look at the chart and it seems brent has big support at $20.
According to some oil analysts, next year brent should trade between $20-$30 in order to reduce this massive oil oversupply.
I see a big support for BNK at $50 cents.
But I am afraid that the albs force BNK to keep production to that level which will cause a massive dilution for BNK at very low share price. TD is speaking about $50MM fundraising next year. At $50 cents it' s 100 millions shares dilution to keep production flat next year.