If we had all the money we would have made on hind site we’d all be rich.
One thing is a KFS ” know for sure” energy never stays down forever. See what happens once it hits 50 which way it goes. 35-40 if drops just might be a good entry point but then I may already be talking in hind site myself if it doesn’t. I don’t know what it’s being bough for but can bet the ask is already there now, don’t know.
Ps when it does recover keep a eye on emerging markets heavy on energy type commodities like Mexico and Brazil and who knows. Guessing China enjoying the drop. Emerging markets tend to recover at a faster pace so you can position trade them move to the slower recoverys next if you want. Also alternative energy will move on oil recovery but have to be careful with those.