RE:RE:Oil price - effect on SP
The 'bottom' will ultimately be determined by oil price.
Will oil price ultimately rise from current levels? Yes.
The question is WHEN.
BBI will ultimately be a producer. That much, at least in my mind, is certain given certain happenings in the last 3 months. Will oil price recover in time to meet the plan that BBI management has in mind for their little engine that could? That's the $64,000 question.
It'll all be for naught if oil price stays depressed over the longhaul.