I have moved all of my former 401k plans into IRA self directed. Must say have made more money than ever expected and far more than ever dealing with a self serving broker.
Am long on energy stocks as well they pay a handsome dividend and everyone has to have their product/services. Combined with significant other: AEP, DUK, COP, (sold PSX), KMP (I know it is down)!!
Of course have other holdings to make the portfolio(s) diversified.
And to the Cramer bashers along with the remarks on him and COP. It made me very angry. But...... he has CEOs on the program, and you can take his advice or leave his advice. I prefer to listen to him and do pickup some education not necessarily stock picks. If you act on only his advice it is your fault. But the education is good and sometimes he talks about the stocks we own. Another perspective.
Self directed for us has been good to us! Made money in up/down markets.