Are we really going to see prices fall below the global panic fest of 3-4 weeks ago? That was the perfect storm of badness and immense fear all at once. I think we saw an over-reaction and over bail and that most sound companies will hover around that same bottom for a while and then start to improve. Some would argue that the market was under-reacting and not accounting for the long term blow this crisis will deal. That could be true, and I fully admit I don't know what the full extent of this thing is but I am bullish on a handful of bluechip Canadian based energy companies nonetheless. You can't go wrong with companies that have solid balance sheets, and a crapload of proved reserves that will always have a value whether it's worth $50 bucks a barrel or $200 bucks. Buy up bluechip energy and ride it out, the bottom can't go much lower on these guys, and if it does, just hang on for a year or 2 and you'll make money.
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