Investors need to understand traders
One thing I've learned to be a good investor is to not get scared into selling at the wrong time, you need to understand trader thinkking.
They don't care one bit about the company and few really know much about the commodity or cycles. HR2 for example appears to be given scripts to post. Traders want volatility. The more the create panic on the downside, the more they acheive it.
The problem with that is, if you are an investor, you'll get fooled and sell on fear and buy on euphoria. The worst time to buy or sell.
So HOLD! I'm holding and if oil does go down, it will be short lived. The direction is set. Bottom on oil was in February 2016, bottom on Baytex was mid January 2016. That's a fact. The Saudis are drawing out of reserves at record rates. The China and India are buying as much as they can and aren't building reservoirs fast enough.
Don't let the self-serving fear mongerers get to your head. Look at credible sources for facts. Look at all the buying physical traders are doing, they are all very busy securing longer term contracts before the recovery to $60-80 oil.