Their cash is lower than it should be (way lower) and their debt is way higher than it should be. So you’d want to take profits on your wife’s account for sure. https://finance.yahoo.com/quote/OVV/key-statistics?p=OVV
It’s more about the weak fundamentals than the wave counts, as far as the corporate risks. Now, it does help that oil and energy in general is rising/trending higher once again.
On a weekly chart, we’re likely in a major wave 1. On a daily chart, we’re likely in a wave 3 within that major wave 1.