Hey Whal, see BB posts today. No specifics yet, but could have something to do with the downturn in pps today. And on patents, sure. Same with every bio out there lol. Look at how long GILD profited off of their patent infringement (MRK's). MRK finally got a very modest settlement after many years tied up in court. And they had a great case. Generics coming in 2020 for Vascepa btw.. will be tough to stop them.
On price of Brent in particular, the increase in US shale production after over 100 bankruptcies in the US shale sector will be modest for a while, imo. Dwarfed by the 1.8 mil bbl/d *to start* production cut from OPEC and NOPEC nations, so far 90% compliant. They need it over $75 at least to balance their budgets. They're at the end of the wick they've been burning since late 2014. KSA has burned 100s of billions with oil below $60. It's time. IMO.. If 1.8 mil doesn't work, they won't throw up their hands and say "shoot.." They will get the price where they need it. 2.0 mil a day, 2.2.. 2.6.. whatever it takes they'll get it there.
GL
ps, id stay away from oil futures plays like USO. Contango will kill your profits. Some majors like BP and PBR, but also a basket of solid small and mid caps like SWN, NE, RIG, AREX are imo a much better place than bios.
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