I have had conversations with friends who are thinking of bottom fishing in the resource sector - particularly energy.
I have never liked the sector because of it's volatility. Keep in mind that the sector is down 90% since it's high in May 2008. It is a 12 year declining trend that shows zero sign of letting up. There is more than just a panic or even cyclical action going on in this sector that is unrelated to the current oil price war or the corona virus. Pressure is coming from energy efficiency, new technologies in electric an hydrogen vehicles and generators, renewable power systems and environmental concerns.
There will be bounces. They will look good for a while. But this trend does not look like it is ending any time soon. In decades to come, we will wonder why we ever used oil for anything but making plastics.