I'm waiting for the OPEC meeting next week Naka as a downward catalyst to the PoO.
I do not believe they will change course given they're so close to achieving their objective of knocking-off the marginal players.
And if they do cut, say a symbolic 500k bopd, it won't move the PoO that much higher.
Glad to see DH got in however... a critical, informed view is a good view. Now we should play with some numbers over the weekend and see what cashflow looks like post-Stella at $30/40/50/60 PoO based on IAE's stated boepd opex in the latest presentation (find the post Stella opex...).
I still think there's downside here so I wait but once it has clearly bottomed I'll be onboard, and yes some positive signs fer sure.
COOP