Oil Search Valuation & Target Price, page-49

Personally i have more than less specialised in oil--the basics are this--today there is an oversupply of about 1 miklion barrels a day--the good news is this---China---India--and America are on an uptrend of usage--also shale drillers coming offline and other Bakken wells losing capacity--in the middle east warring factions are trying to take control of some wells-The campaign will be stepped up to wipe out isis--bear this in mind also--there are usually other events that take place,like hurticanes which had not happened but can and will at any time--cheers