Very nice post marv. As a long time investor in O&G, my vote is NOT TO BUY. Most ceos in their quarterly have guided down. There is less drilling, more stacking of rigs, cutting of overhead, and preparations for massive lay offs similar to late 80s. I personally have cut my energy investments 60% by taking profits along the way and just lightly up. Most here in Houston see the recovery in 2017. But like most recoveries, it usually takes longer (3-5years). In the mean time I have started positions in the BDCs who will fund the next leg (ie. BX for LINE). Still have positions in KMI, EPD, NGLS, TRGP, EMES, AMID, ENBL, ETP, ETE, EOG, CLR, HCLP. Best like usually, and enjoy your posts even though currently not in MWE.
Forgot to add on my list BPL which is currently my fav. Look at it as a slightly better OILT as it has dock access in Corpus Christi, and east coast. Would be nice for m&a--maybe MWE or Targa or even KMI. But your right I'm stuck in AMID,ENBL,EOG, EMES, HCLP, CLR--guess I just have to be real patient with them.