I personally, would tend to sway away from energy funds, and stick with energy stocks (if your bullish on that sector). I've been buying FST on dips for about 4 years now, and have made quite a profit watching them grow. I would even think now is a great time to buy, or perhaps there is a fund with FST in it. Take a look at FST - low P/E, high earnings, and still somewhat small which leaves room for growth.