https://www.cnbc.com/2017/12/07/oil-focus-on-stronger-dollar.html
"Bank of America Merrill Lynch, meanwhile, said healthy global demand and tight supplies should see Brent crude oil rise to $70 per barrel by mid-year.
U.S. investment bank Jefferies said it expects 2018 global oil demand growth of 1.5 million bpd, driven by near 10 percent demand growth in China." (and India's growth by 12%)
If they want to make an offer, it has to be done next week so as to allow the board approval before Xmas. Otherwise, OP may go up to 70 pretty quickly after the New Year.
DEALROOM
New Feature Announcement!
We’re excited to introduce the DealRoom portal, now live on site, providing users with exciting access to private equity opportunities for both pre-IPO and publicly listed companies.
See full details by selecting the new menu item named 'DealRoom' on our main menu bar or click below.
Stay ahead of the market, with HotCopper.