I don't think I missed your points at all. The shape of the...

I don't think I missed your points at all. The shape of the business depends on the upcoming result we are in general agreement as to the facts of the case as it's not possible to dispute them.
Maybe we differ on the oil market where I don't see that much has changed in the last few years except that low oil prices will prove to be the cure for low oil prices eventually, just as high prices cured us (temporarily) of high prices.
This is a classic turn around situation, a high fixed cost industry making a loss. The ideal scenario from here would be closure of a loss making operation restoring the overall business to modest profitability.
I needn't elaborate on other possible scenarios but needless to say I won't buy unless I am sure.
Every company I buy people tell me the industry is in permanent decline. It's quite amazing really.
I think the oil and gas industry has a future, that shouldn't be seen as a radical viewpoint.