Boy and I glad I don't own shares in any US oil producers. The...

Boy and I glad I don't own shares in any US oil producers. The spread between WTI crude and Brent is huge at over U.S $8 dollars now. Just shows the difference between an actual supply glut, versus the reality that low oil prices are spurring demand in Asia/rest of the world.

DLS share price is now showing some real resiliance, because, as I have been banging on about, it has a large cash pile, negligible debt, big exploration campaign, growth assets, low production costs, and of course the prospect of being part of corporate action. Its E/V is just 1/3 of BPTs.

Anyway, I see it as the best oiler to hold in regards to downside protection, whilst being very much poised to a rebound if the POO strengthens, which it will, perhaps just when DLS hedges start to run out (12 months away).