I wanted to believe, but once I saw fracking enter the scene, I saw that heavy oil was not viable anymore. That, and the fact this board deteriorated to the degree it did, I happily got out with a loss slightly more than 20%.
We have a saying at the poker table that says "Scared money don't make money."
This morning at the open, news came out the the stock turned RED. I considered selling some shares to lock in profits and as my finger hovered over the BUY/SELL button, I remembered the saying, and said "Screw it." Needless to say I added to my position and now hold an even 15K shares, resulting in my best one day gain ever.