Latest posting on Axe's twitter feed... article that was posted here about a week ago. OK, you could arguabaly say they
were a bit slow to getting around to posting that article from June 13 but, read the
statement of what they are saying above it.
I have to assume the statement Axe made with reference to the article is that they
are addressing what was said in the last paragraph of the Eric Nutall piece which was :
'Given industry cycle times of four to six years, we believe that oil companies are
set up to return egregiously high returns to investors for much longer than people
realize, leading to a rerating from valuation levels that still imply the end of oil is nigh.' So make what you wish of their twitter posting statement but, it's very interesing IMO
https://twitter.com/acceleware