We are beginning to test new lows. The Canadian Dollar is helping oil with it falling against the US dollar. That being said, funds are moving away from Oil at this time. If investment advisers are not calling their clients to discuss the downside risk, that is really strange.
There is a term in law called "negligent behaviour" Investor need to be diligent at these times. Do not be negligent in your review of your investments. Rely on your advisers who manages your portfoklio to explain the downside risk. They are professionals and they have all the tools to advise their clients on what they are seeing in the general market and also specific to companies.
Please do not close your eyes to the current situation. The current downturn is not a blip. This is a serious downturn. We have growing production/supplies and we have falling demand. Economics tell me that supply/demand its out of balance. What does that translate to = downward pressure on oil and gas.
By the way, investors need to be aware of what is happening in the UTICA. Just was told that a well came on at 76 million cubic feet a day. Yes one well. Why does this cause us a serious concern. The Marcellous is already disrupting markets with its high volume wells. Now companies are moving their capital to invest into the Utica. The wells are even more prolific. Please have a look at this website to understand the Utica Shale play.
https://geology.com/articles/utica-shale/
These wells are very deep and costly but the well performance is significant.
The development of the Utica could be disrupting to the Canadian Gas Market. Ontario and Quebec could be provided gas post infrastructure from the US. This will displace Alberta and Saskatchewan production potentially.
Just my thoughts. Trade your stocks on the advise of your adviser.