If POO did fall further, it would not be too bad: there still exist a few oil and gas companies that are real cheap and deserve an allocation as well. Not everyone can crowd out the majors XOM, RDS, BP, ORG, STO: there must be room for some like SXY with its reserves and FCF, even the ones that have taken on debt such as Tullow, Premier and Marathon.
Still think SXY is way too low and dirt cheap IMHO.
SXY Chart, page-300
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