It’s starting to feel like we’re witnessing the end days of the industry, not just another cyclical dip. Prices have dropped to levels where many companies are barely breaking even. I might be wrong, but this time it doesn’t look like we’ll see the usual rebound.
I hold shares in XOM, Chevron, and a few other oil&gas companies. At this point, I’m seriously considering selling the lot, unless someone can give me a solid reason to hold on.