Winners & Losers in the oil wars
US shale industry on the edge , Russians surprisingly (?) seem to have been prepared for 25$ oil, Saudis have taken the risk but with a very big debt upon them , it’s questionable how long they can keep the production at its highest capacity.
Even with recession, the virus etc , I believe we ‘ll see WTI again at levels higher than 45-50 before 2020 ends. For short term trading preferred are opportunistic short positions , hit & run trading with a 30$ target & even less. For long term investing , preferred long positions in some hard beaten opportunities like Occidental Petroleum (OXY) now at 14.26. Very risky due to its high debt after the Anadarko deal , but knows the business & have some defenses in place.