I'm getting conflicting reports on the sector:
is drilling/production side in market-outperform mode or is it simply in market perform mode?

1. The trading volume is very low. Any idea why?
2. P/E (even for an energy stock) still remains around a 3, any comments? this seems to be significantly lower than most other oil production companies. Why the pessimism?
3. My Cost in the stock is about 2.45 so I'm not complaining: should I look to increase? Compelling reasons please.

Thanks in advance for inputs.