Ann: Trading Update, page-15

You are not talking like a trader with this long term stuff. Stop losses to me are a great way to lose money.
Interesting points about how the banks will respond to oil prices and I had been thinking along those lines myself. I think the analysts are mislead by the CEO's of oil companies pushing their story of unlimited cheap oil to shareholders.
I do agree that if the oil price rises sharply availability of credit is likely to improve but I don't have a crystal ball to know that will happen in the next 3 or even 6 months. There are good chances but it's not guaranteed.
Your claim about the liquidation value is an interesting one I should look into.