RE:Just My Two CentsMonkey At the end of the day it comes down to earnings and future cash flow, the fact that the oil sector is currently unpopular with investors - even more so if AIM listed and North Sea based - will simply delay the realisation by the market as to quite what it has missed, the Ithaca drum beat has got steadily louder since spring of 2013 and will become deafening as the summer progresses. Also, re shale oil. A year ago there were a lot of unrealistically low production cost estimates for shale oil, which I never believed, however it was a popular theme for sensationalist energy journalists and certainly spooked a lot of UK investors out of oil stocks. Since then a greater realism seems to have descended as well as an awareness of the much higher than expected annual depletion rates for shale oil wells. The depletion rates in particular will impact the production costs significantly as the very large non-volume related royalty, exploration, set up and aftercare costs will now have to be apportioned across much lower lifetime volumes for each well - all in all nothing like what it was 'fracked up' to be. Does anyone else have any views/points to add on this or agree/disagree with this perspective on shale oil. Doug