This doesn't look it's going to be the year for oil stocks to recover.  Usually oil stocks among other commodities will rally nicely going into a new year.  But this year, we didn't get a commodity rally.  Any rally we get now will get dampered in a few months time when people start the seasonal "sell in may and go away" selloff.   I have a feeling at the end of the year, we will probably be around the same price we are now.  I don't see oil stocks gaining any decent momentum this year.  Will be opportunities to make some quick in and out flips, but I don't think longs are going to like where they are come end of December.  Entire sector is out of favor, and has been out of favor the past 18 months now.  No catalyst to be seen.