Oil - How low can it go?

[The_Equalizer]

So it's more of an Epileptic Cat Fit than a Dead Cat Bounce?

Sounds about right. More so, that have geared finance. Premier Oil I think is an example. A lot are just a pure bet on whether oil recovers. I have a few bob on it doing so, but then again I am no expert.

[Tensai]

Sounds about right. More so, that have geared finance. Premier Oil I think is an example. A lot are just a pure bet on whether oil recovers. I have a few bob on it doing so, but then again I am no expert.

PMO is a reasonable bet. They recently bought E.ON's exploration business in the North Sea for (relative) peanuts. Assuming they can reduce the /bbl lifting costs, it won't take much of a bounce in the oil price for them to be quids in.