"Don't fight the fed"US 2 years rates down 18% and US 10 years rates down 6%, pointing to a lower USD in the coming months. The USD reversal should reverse recent crude oil trend long enough to see the weekly rig counts showing up in the weekly inventories, end of refineries maintenance season and summer driving season, which will lead to a steady oil price recovery soon, imo. This should eventually bring motivation to petrofact to work a bit harder and confidence to the bank and new major investors in the stock who will buy the actual big sellers and let the stock bounce back up, imo.
Major positive move from the fed today, imo.