RIG, SDRL - drillers break new lows

With energy prices continuing to slide (WTIC Oil $45s), the oil/gas drillers were naturally on the slide. Transocean (RIG), and Seadrill (SDRL) broke new multi-year lows, settling -3.6%  and -4.4% respectively. Outlook is bearish into the early summer... at which point OPEC might finally start to address supply issues.


RIG, monthly

SDRL, monthly

Summary

*ignoring the smaller daily/weekly cycles... the giant monthly charts really display the horror show that has happened to many energy stocks since WTIC Oil peaked in June @ $107.
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I have high confidence in both RIG and SDRL, but clearly, until Oil has floored, ALL energy stocks will be vulnerable into the spring.
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*I will be looking to pick up both in the coming late spring/early summer... and seeking to hold on a 2-3 perspective.