seriouslyThere were lot talks about oil ought to have a bull run, after 4,5 bear years. As a matter of fact, since 2nd half of 2019, it went pretty well, until, you know, covid19 stopped all. However, covid is not that all bad
1. now we can buy at very low price
2. companies like BTE have to cut as much as they could on costs to survive, that put them at better position once oil price goes up. For example, before we wouldn't expect dividend to be reinstalled unless wti reach $75, now the bar lowed to $55
I'm not that convinced on $40, all depend on oil price, but if (likely) wti can reach $60 by end of 2021, dividend restored, $5-7 is my target