I'm not going to let myself get spooked by the irrational price movement in oil. Today I added shares of ConocoPhillips. My original plan was to add EOG this morning, but at the last second I opted for ConocoPhillips because of it's dividend and more cash-rich balance sheet. Both are down by a similar proportion. Conoco has great shale acreage, maybe not quite as extensive as EOG, but Conoco's Eagle Ford position is really good.
So, at least someone is in there buying at this level.