What on earth could you base a complaint on? The price of oil is...

What on earth could you base a complaint on?

The price of oil is in strong decline again and the oil and gas producers are following it down. It just so happens that DLS's share price was held up by the long term dreams of the Stoke's family.

STO and BPT are now back at their 12 Dec 2104 capitulation levels and SXY and DLS are closing in fast. If you have a real complaint write your letter to the New York Federal Reserve bank and tell them that their ZIRP have distorted every market in the world and have facilitated the creation of bubbles all over the place including US junk bond fracking bubble which brought with it mal-investment in unsustainable technologies that have brought the oil price to its knees. The good thing is that bubbles eventually burst and debt recycling in the oil and gas patch won't go on forever. Let's just hope that DLS can keep their cash pile stable and that their own debt maturity profile outlives that of the US oil fracking companies that remain. More happy days for buyers to come in my opinion, but keeping powder dry is a must as DLS still carries substantial debt which represents a medium term risk for the share price if oil prices don't rebound strongly.

Eshmun
DYOR IMHO