I will continue to invest in North American energy plays (especially Canada). Its really no-brainer mid-term and long term! Geopolitically we must get out from under the Middle east no matter what the current price is-its only buying us some time!! We will be do North America by default as the ME slowly down their resources and China and India keep selling cars.
I focus more on exploration and production versus services, but its all good. Its all about securing and owning a piece of the supply and production
I like all the major oil companies and have or have had PBG.TO, CNQ, ECA, COP, SU etc. I have played others too. Some like SU are mostly oilsands and some like ECA and CNQ are more diversified into classical oil and natural gas! I will continue to play them and more especially in oilsands for the next 3 years.
Supposedly having too much oil is a current phenonoma that won't last! Its pricing currently is a con game! Current activity in energy and pricing and PPS will not last! Its all going to go back up.
I'll enjoy the low prices when driving to IL for Christmas! I'll be ready when it goes back up!
Kutz 
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