Im in DXO at the moment, sold my DUG and went into a little DIG as well. I think you can be somewhat bullish on oil and energy when cramer is saying oil is headed back to 110-120 area. Whenever he calls a direction go with the opposite.
I thing natty gas is attractive here, but just as the uptrend lasted what seemed forever, I don't think its especially realistic to think the countertrend won't take a long time as well. We're only about a week+ into this selloff. Be patient.