When a sell-off occurs, the question on everyone’s mind turns to when things will recover. Tuesday’s research note addressed this question by looking at past drawdowns and recoveries, while today’s note takes another approach using oil price projections. Of course, no one has a crystal ball for future oil prices or midstream equity values, but there are plenty of banks and firms that forecast oil prices, which can be used to forecast midstream equity values. The table below utilizes the median WTI oil price forecast from Bloomberg as of yesterday for the next five quarters