long term most of the big oil and gas are going to go much higher, but short term there is still risk from the economy. I am thinking one might be wise to hold back a bit until the fate of the big US auto companies is better known. If one or more of the big auto companies go under the market will have another crisis of confidence and sell off, and that might be a good time to pick up ones favorite oil and gas stock. Not sure when the fate of Ford, Chrysler is decided but they are a cloud over the market for now. Maybe more is known sometime in April. Meanwhile we are moving into the traditional weak oil and gas inbetween season. If one missed todays leg up might be worth waiting a while. jmho.