Hey RONRAINE, do you mind me asking which company's you're looking into?
I'll rattle off a few oilers that come to mind if you're looking for something to do: HZN, CUE, ROC, TXN, FAR, TAP, BPT and CVN.
I currently hold HZN, TXN and ROC and will continue to do so until I feel the time is right to sell. There are many ways when it comes to weighing up risk/rewards etc etc. Management is clearly one of the most important things to look for not to mention company results and future outlook. PE/ Balance sheet/ etc etc
Good luck with your research and looking forward to your results!