RE:Prediction if oil doesn't recoverDisagree. Delek is not a short-term trader, swayed by wild swings in commodity prices. It is investing for the long haul and, in this case, the resource development potential around FPF-1.
Kensho wrote: to over $50 by the summer 2016. Delek will sell off it's interests and be on its merry way. The reason being that first it will not want to over extend itself in a long subdued market and second IAE will not give them enough bang for the buck. This will leave OIA to wallow around trying to tred water and slowly be dragged down by its debt. The next 6 months will tell the tale.