Foreign oil needs to be subjected to the same antidumping laws as is the case with other foreign products. OPEC might be cutting off it's nose to spite its face if they drag this out much longer. Having a strong domestic oil industry is a matter of national interest. Canada and the US won't stand idly by forever on this deliberately created glut of oil.
One man's trash is another man's treasure. Everything is relative. Yes, I'm sure I have the same concerns and frustrations as most every other long, however, I been buying more PGH as recently as yesterday partly on its future prospects and partly to average my cost down. I follow the mineral rights auctions and the prices there have risen quite a bit off the bottom seen just a few months ago so hopefully that's a good sign the worst is over. PGH was a dividend play, now, it's partly that plus having some upside. It, like almost all others in the oil patch, is not going to double tomorrow, however, for now it has a place in my diversified portfolio.