Interesting. DLS is definitely my pick of the juniors, but until...

Interesting. DLS is definitely my pick of the juniors, but until I get further clarity on the POO I'd put all the juniors, including DLS, towards the bottom of the pile.

For conservative oil prices long-term (say $60-70 for the next 12+ months), WPL would be my tier one, probably OSH and ORG tier two, STO tier three. Look for heavier exposure to LNG, domgas and good cash positions to ride out the pain. Alternatively in that scenario, I might ditch oil altogether.

If I was confident of a stronger rebound ($80+) then DLS and AWE would come into the equation.