The important takeaway is that these corrections are simply selloffs in a secular growth pattern, not the end of the cyclical ramp . We need to find more supply, switch to a better supply than fossil fuel or have a major recession to curb oil demand. I don't see any of those happening, which is why I wish we would get the darned correction started and over with: Oil's still the best thing going out there.
These stocks aren't going away. They are just going to recharge and fight their way to becoming the 10% of the S&P 500's market cap they deserve to be.