Crude rallying on Friday, with Brent topping $60 a barrel, but it's still down more than 40-percent from year-ago levels.
"Oil prices seem to have bottomed," Darin Richards, chief investment officer at AKT Wealth Advisors, told CNBC's "Power Lunch.
One market veteran, who has been bearish on energy, is taking another look at the sector.
"Recently we have added to our underweighting in energy and are watching the space for further opportunities," said Robert Pavlik, chief market strategist at Boston Private Wealth. Pavlik's top pick is Phillips 66.