Hey SM,
I am very comfortable with buying down the curve with OEL - love that old chesnut...it is just time if you buy a stock that is self funding and has cash in the bank. Problem comes with stocks that are trying to get into production and have their SP spanked. Can't raise capital and cannot continue to explore, etc.
I am not a chartist but 7 cents looks like it could be a worst case bottom. OEL has a bigger stake in GALOC now and the FPSO has been altered for better uptime.