Here's a link to an interesting article/Reuters blog post, the gist of which is that oil prices could go "bearish" (i.e., $20-50/barrel) under competitive market pricing or "bullish" (i.e., $50-120/barrel) under resumed OPEC dominance: The reason oil could drop as low as $20 per barrel. Under the bearish scenario, U.S. shale producers' marginal costs (say, $40-50/barrel) would set the ceiling for oil prices.
I know that Superior would do well under the bullish scenario; any ideas on whether it could swim in the bearish one?
I am an amateur at this, and it would be unwise to rely on my opinions without your own independent confirmation in consultation with an investment professional.
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