stock going to 17$ in a few monthscpg at 9$ and WTI is at 69$
if you think oil will stay around this price this stock is a bargain!
I fear most people dint read the q2 earnings proprely
when you look at the details its not bad and with oil stabilising the worst is past.
oil will most likely stay around the 70$ level.
lots of tensions in the midle east .
Iran exports going down
trump and EU cease fire on trade war will drop down fears of lower oil consumption.
Venesuala exports down
if we get lucky and a little spark happens... like maybe some Houthis targeting economical targets in saudi arabia; prices will rise alot.