An interesting post here from Fairfax:
A trip to Texas to visit the heart of the US shale oil region has motivated analysts at Morphic Asset Management to short Qantas, as a rising oil price unwinds the share prices gains enjoyed by the airline.
Over two days of US oil company presentations, what came through “loud and clear… is that oil needs to be sustainably above $US50 for a few months before they consider adding any [capital expenditure] back”, theanalysts write in a note.
