What is your target price for oil in 2016?Somewhere stable between $50-100 for the next five years would be comfortable it seems?
Has anyone calculated the price of Baytex at $50 oil and $100 oil?
And it's true, the price of oil could be pushed down even lower on the short term until we understand where we are with all inventories.
This is very opaque at the present with conflicting numbers and information. What we do know is it's near 100% negative on the storage front right now.