I don't see this as fear porn. I see this as a situation where the US now has less room to maneuver in the event of a compounded threat to what is happening with Iran.
Using the SPR to dampen market prices is the silliest idea; it's inducing more demand at unsustainable prices.
Baytex is a much safer play right now, and this comparison makes it an even more obvious buy.
$OBE doesn't have the cash, FCF, or reserves and also carries debt.
What's interesting is that as the number of shares goes down (good), the % of shares owned by institutions goes up (great). Institutions are adding while retail is chickening out.