RE:RE:RE:RE:RE:RE:nice move up so far in the UKKensho
Although, as you know, I am very bullish on the price of oil in the medium and long term, the outlook for the next few months in oil price terms is quite uncertain. This is what is affacting the market now and this includes fund managers. My point being that although the medium to longer term outlook for oil is robustly bullish when the facts are examined, that is not how much of the market sees it and feels it right now, they are still decidedly bearish for the most part IMO. Delek potentially has the opportunity to make a slightly cheeky bid now, before the fund managers holding Ithaca become more bullish on the outlook for oil.
Do you think that Delek might see it this way, I certainly would if I were they?
Doug