Yes and no 
I feel that oil has still some upside potential up to 150$. It might looks unrealistic but there are major speculations and the bearish U.S. market/ weak U.S. dollar doesn't help.
So what to do ? In this CNBC segment I confirm my previously expressed view: buy good companies at a good discount. Which companies? I recommend
-Roche (which lost over 20% over 12 months but has a pretty healthy business)
-Geberit because of the good results, and double digit growth especially in the Middle East
-Banque Cantonal Vaudoise - the market is over-reacting with the share down over 40% in a year. They had a small trading loss in the 1Q but it is a good bank with a good prospective outlook.
I have also recommended Daetwyler as a smaller but interesting company. This time my portfolio is all Swiss as I feel that our market has a great potential: no need to pick something exotic with so many good (and undervalued) Swiss companies.
I would also recommend an ETF or tracker certificate on Cruide or Gas Oil - there are still some chances that Oil will reach 150 or even more and you don't want to miss that 
You can also find the Original CNBC video here
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