RE:Timing in oil sector can make or break you. Thanks Punjabi for your assertion in the O&G sector. While I agree with most of your notes, I tend to be skeptical on the technical analysis side of them. In a way, you bring two sides of this complex story, the volatility and the technicalities. They are like two nails against each other, in the environment we are living in for the last 14 months or so, and more of it to come.
My take is that you can be a long holder, on companies that have had survived the six months after last March, and have an enough good FCF and balance sheet. The oil and gas will still be needed for the next 20 or so years. The fact that no big capex will happen increases the chances of the o/g prices to stay up, so the respective companies' stock prices.
Being a retail trader/investor is hard/risky and can become rewarding, as long you do your homework, have patience, and buy and sell at "almost" the right time. Who doesn't do this, should get a 2.5% GIC, and stay away from stocks.