With oil dropping, we continue to not see a good entry point for oil stocks. Within our portfolio we continue to hold Exxon and Chevron, and have an alternate natural gas play in Oneok Partners (OKS).
At the same time we won't begin to play microcap oil companies on the great "hope" of sell off to a major, or "hitting it". We will continue to watch our crude oil play DXO as a double long ETN play.
Study up on this new sector development, specifically on DXO at : http://www.powersharesetns.com/portal/site/etns/crudeoil
