I thought you would get it right. Arthur Berman. This guy is good. Probably the best oil analyst in the world.
As for shale, cheap loans just keep perpetuating the madness. And then they made the silly mistake of hedging at low oil prices. It is a ponzi, and sometimes ponzi's take a while to play out. i.e time ......Remember Bernie Madoff.?
I am sure you know the problems that shale oil face. I have always been a SXY supporter. This is a Growth Company.
An Australian Growth Company.
SXY Price at posting:
40.5¢ Sentiment: Buy Disclosure: Held