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Yes, I do think it will recover but it will probably be slow whilst the oil price languishes at this low level. Medium term my view is for a 70-80/bbl oil, which isn't priced in now. Company specific catalysts are 1st oil from otakikpo in q3 which I think could push it to 40p+. The seismic analysis from eko is also due this year and there could be big SP movement subsequently IF (1) the oil price >$60 and (2) there is reserve growth (quite possible). These musing are all my own opinion based on my own research. I recommend you do your own research too.
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