Survival of the Fittest, page-21

Exc thread. Very hard to know what will eventuate but prospects for a rise in oil price (say 55-65 range) is far more likely imo than that for other commodities eg base metals, IO, coal etc. Current situation does provide some buying opportunities but can afford to be patient. I hold DLS and reckon it can prosper in med term.
Re M&A.... it's also hard to know what will happen. But oil sands industry in Canada is toast and shale prod in US has probably peaked and will be significantly lower by this time next year.
One blessing is the QLD LNG plants are close to completion. I can't see too many similar plants about to enter construction despite an abundance of gas in some locations.