I'm not so pessimistic on oil or WLL. I got into WLL from owning Kodiak. AS the price has dropped from 99 or whatever the high was I have accumulated at every $15-$20 drop. At this point my average pps is around $15 so im still under water a bit. But since I had already made a 400% increase on my Kodiak shares its not too bad. I'm not throwing more money in than I am willing to lose but im not too worried. With rig counts at 1/3 what they were in the US and with several countries selling their oil at huge losses like Argentina, Russia and frankly most countries. Many who rely on those profits to fund their government's. The Saudi's hold the cards, no doubt, but increasing pressure from these other countries will eventually cause them to cut production. Demand will always increase, even with new tech coming on. The fact that a lot of thee smaller players in the US have consolidated or gone under (60 Filed bankruptcy I read), and that a lot of other producers around the world can no longer afford to produce, the supply is dropping even without cuts from OPEC. I believe we are now decelerating faster than the market will be able to ramp back up. I also believe that by the time summer demand kicks in that the Saudi's will have announced small cuts. All of these factors should bring oil back to the $40-$50 range with ease. Even light good news these days jacks the price quickly. As long as a company has the ability to withstand another year or two of lower prices oil will rebound to over $100 again. I believe the next oil top will be in the $150-$165 range per barrel. It may take 6-8 years but I can wait. From what I understand WLL doesn't have any debt due till 2018-2019 timeframe so they can withstand this. They also have hedges in place I believe at around break even or a bit lower. I worry more about a buyout. This stock was trading over $90 a share when oil was $90-$110 range, it should rebound even further when we see a new top. Buying now just makes sense.