Is now a good time to buy oil stock?

[progree]

2. I think there is the long-term headwind of climate change - divestiture and the indisputable

fact that we have to leave a lot of the earth's fossil fuel reserves in the ground if we are to have any chance of keeping global warming below catastrophic levels. Thus stranding a big chuck of assets (do current valuations reflect this reality?).

Seems like about every month I read of another pension fund or sovereign wealth fund or university divesting from all fossil fuel companies.

On dividend yields, I looked at only three: XOM (Exxon Mobil) 3.4%, CVX (Chevron) 4.34%, and BP 7.73%. Hmmm

That said, I was a big energy enthusiast and luckily happened to buy a lot of Vanguard VGENX in 2009 near the bottom of both the financial and oil market -- rode it way up and, yes, rode it back down.

http://www.morningstar.com/funds/XNAS/VGENX/quote.html

I'm looking to shift to a good alternative energy mutual fund or ETF that doesn't have obscene expense ratios.