RE:Rig Count Falls again:Eventually oil price will have bottomed out... There are many people who has been waiting on the sideline for oil price to turn tide and then dive back in O & G. I won't attempt to time the market for precise bottom out, rather have been slowly building my O & G portfolio whenever SP fall within my target price range... I tried to stock up two types of O & G stock: (1) those with huge upside potential (ie those upstream cos who have been abnormally and unfairly beaten down in last 12 months which will end up rebound fast as well)...I have gradually stocked up on COS, XOP and ECA which will be great O & G turnaround candidates and I am willing to hold them for 12 more months to get the best SP before I will sel them... (2) Those full stream O & G companies with strong management and superb financials with steady dividend.... I have gradually stocked up on SU because it is a steady stock and I plan to hold it for a few years... My stock goal/strategy for COS and SU type of cos is different and I certainly don't welcome this hostile takeover bid which involve both of these stock that I held.