keltus; or anyone else thinking of buying into EPL needs to take a look at OIH. An ETF that bundles and tracks E&P stocks. Also read some of the info found there, you will see all the E&P's, oil service stocks are way-way oversold. Why with CL trading @ $78 bbl? Your guess as good as mine. The question longs should be asking is how long can they be held down at these levels and how high will they rebound when the fear of Bernanke and the Middle East subside?