hold it.....i think hou will start the recovery process soon....
why
chavez wins new election
russia wants to be an ear for opec...
opec going to cut another million or 2 in march...
these depressed prices are making us think irrationally and forcing us liquidate at any price...u should understand why you bought this in the first place....sell off ur margins keep ur orignal position and hold it....u might recover soon enough....
oil at these prices is not sustainable at the moment..there is an uproar...oilsands are unprofitable at the moment..look at the losses by suncor and others with 45 - 50 $ oil...at 30 dollars this guys are loosing everyday .....
oil producing companies are shutting down a lot of exploration and debt is harder to get..so oil will be harder to find and produce....the current supply even though high might be curtailed to a point where demand will increase....
hold on to ur shares u will easily recover ur investments soon.....if u can handle the short term losses u might come out a winner in a month or two....