Big Picture I am 100% convinced any oil sell offs, small or large will be short lived, whether weeks or months. The Russian oil cap, which is not really even a cap is easy to get around with minimal penalties to any violators. Oil market is tight, reserves are being used up. This is a bull run on oil, at least until the next US election. OPEC is wise to controlling production, demand is not going anywhere long term. Interest rates are the wild card, but all indicators with forward looking data are showing a US terminal rate of 5.00 – 5.25 and CAD terminal rate of 4.25 - 4.50 Any large dips in this stock, definitely buying opportunities IMO