Addax Petroleum (fka AXC)

[Julius Erving]

"Oil prices will rebound much faster than market is predicting, Barclays says."

I think Barclays is right in this october 15 article, while everybody now is hinting at around $20,- a barrell

http://www.marketwatch.com/story/oil-prices-will-rebound-much-faster-than-market-is-predicting-barclays-says-2015-10-15

There are a lot of bargain hunters on the sideline also, I'm sure, trying to take advantage of these dire outlooks.

Dec 3th: http://www.marketwatch.com/story/barclays-slashes-oil-forecast-ahead-of-opec-meeting-2015-12-03

“Fundamentally, though the market is looser than we had forecast in Q4, we expect the difference between supply and demand to be back in balance by the end of 2016,” the analysts said."

If any sign of that coming true is seen, bargain hunters will be all over the place...

The Doc.