Barclays: A Brighter Day Lies Ahead (for energy stocks)

Re: the energy companies, we'll get at least three distinct moves.

First a short-covering pop of ~12% over one to three days as the shorts sniff the coming buying inflow. Then either a pause or small decline before the crowd stops waiting for the "when it drops back to X then I'll get in" moment and finally some sort of discounted cash flow valuation that incorporates the Paris politics and