Last month, I was having a chat with a business associate in the O&G industry. Let’s call him Mr. M. M showed me a picture of him having dinner with the Chairman & CEO of a first tier oil contracting company with annual more than 10BEUR revenue. The Chairman of this big company told Mr. M in their dinner, that not even anyone at the very tip of the hierarchy of oil companies have had the slightest anticipation of the slump in oil price. One week before the crisis last Nov, all the CEOs & VPs still presented in a conference their plans to increase Capex in a bullish oil and gas environment foreseen. How Ironic? So don’t blame yourself too much if you suffered losses in the oil counters! Nobody except the people responsible for it, ACTUALLY see it coming. Am I comforting myself? You may ask. Haha!......