If my painfully depleted portfolio in 2020 taught me anything, it's not to bank on things like these never happening (after all, we are banking on the behaviour of a commodity):
"Absent a repeat pandemic, I think prices will stay supportive. A bigger risk may be someone like Trump coming back into office and opening all spigots for oil production in the US."
You and vxmike are somewhat rowing in different directions, I prefer his take. Companies like Crew & TOU (and according to him, OBE) prove you can grow (a lot or a little, respectively) without betting the farm, when you're good operationally and on the G&A team.