Rosneft backed out of the Kara Sea deal, but people are erroneously interpreting that as the end of ROsneft interest in NADL. Who knows. That rig in Kara already has a contract with Exxon. New leadership in Saudi Arabia could bring about a quick end to the cheap prices of oil. All the new king has to do is reduce supply and we're back up to $70/bbl oil.
If NADL has indeed bottomed here, then there are some gloriously blue skies ahead, like you mentioned.
People are crazy if they think the world 'has too much oil'. That's just asinine. This world always has, and always will, run on oil. Wars will be fought for it, economies will rise and fall with it...
Good luck
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