re: Are O&G stocks about to rise significantly?

Not a stock guy, but I'm in industry.

I think oil prices will rebound well back into the 40s possibly 50s by the end of the year. Crude stockpiles are incredibly high right now but with a large portion of wells shut in, we will burn through that stockpile pretty quick. When they reopen these wells, there will be several issues that will reduce how much these wells will produce. I would imagine any that have been shut in will only produce 50% of their normal amount.

Company stocks i doubt rebound until next year. There will be numerous bankruptcies coming which will be good for shale cause its a viable option but prices can't be in the 40s-50s no matter how many people say they breakeven at 35. Companies are posting bad earnings and next quarters will pale in comparison. E&P stocks won't be back up til early next year IMO. But once garbage companies file full chapter 7, the better operators...CoP, EOG, Marathon, will pick them up for pennies.