This is the unexpected short squeeze that I knew was about to happen. I imagine instability in the Middle East will continue to stoke fear in the oil market which in turn will propel OAS back up into the 14 to 16 dollar operating range.
Sentiment: Strong Buy
Actually I would think they need to increase production if they are going to contribute. If there is any significant conflict it will cut travel and normal activitites. This will cause less use and more production causing crude to spiral to below $30.
Sentiment: Strong Sell