Sentiment And Lame Thinking Are Currently In The Driver's SeCan't recall where I pulled this article from, so, has anyone else read this article or have a similar view?
Essentially (towards the last half) this one talks about buying the lows - reputible oil producers - for the longer term. It also discuses how many Shale Oil producers will encounter financial difficulties in a few years.
It also discusses how in Dec Kuwait's oil minister said that he believed surplus production in the oil market would be absorbed soon, but that the extent of the surplus was not clear. Asked about the size of the overhang in the market, he replied: "We do not know how big it is."
https://seekingalpha.com/article/2730125-oil-markets-sentiment-and-lame-thinking-are-currently-in-the-drivers-seat