I did it from .02 to .11. It was the right time to do so. Now is not.... you had better learn when to buy and sell. Otherwise you'll end up chasing. If there is one thing I know it's the oilfield. If anything you should be buying more.
In case your wondering I work with halliburoton, pioneer, xco, eog, Schlumberger, gyro data, scout down hole, dyno drill, deep gulf, shell, exxon, chesapeake, anadarko and many more. And with all the layoffs I'm still employed. Trust me I know better than you what's going on !