Agree with you Bobby. RDS could get back to $80 in two years. All based on price of oil and NGAS. I believe the company has positioned itself for its best opportunity for profits by sheading poor performers.
Yes, two years at least. We are up to our necks in crude under storage. Tankers are parked offshore Galveston. Although rigs are being stacked, employees laid off, projects put on hold, and more daily, it will take some time to deplete what we have currently producing. I don't see this current condition going away any time soon. I've seen several of these turndowns, and so have you. This one will take longer to settle.
All eyes on middle east developments. Saudi territory is now under attack (in the news this morning). Just a matter of time with escalation of the fighting will oil exports from that region be impacted. JMHO.
Red: There's an old saying around the company hallways that Shell will make money in spite of themselves. Don't forget that this has been thought out and number crunched to the "Nth" degree before it occurred. GLTA.