I hold a lot of VGELX....unfortunately.
I am holding my position because I do not need to sell.
FWIW, Cramer says oil stocks are a multi-year short. I don't necessarily follow him, but I know he knows more than me. But, in the end, who knows. There are a lot of reasons to sell it: strengthening dollar, huge reserves, etc. OTOH, many sectors are cyclical. So I would not be surprised to see a bounce-back, but I do not expect it any time soon.
BTW, another article today said banks are betting on the oil sector bouncing back: