re: buy and hold?

It's a great deal, its graham number puts it at $140 or so. I own a little big oil(sinopec,exxon,shell,cvx,conoco) but its probably a total of 10% of my portfolio, I figure I'm heavily invested enough into oil with 4 convenience stores.

I don't know how i feel about oil long term, I myself have a tesla on order for september delivery and I'm somewhat intrigued on if they can really mass produce some type of electric car for cheap one day, whether it be tesla,GM,ford whoever. It could change a global demand for oil.....it probably won't happen, but there's a much higher chance it could today vs 10 years ago.

CVX,XOM are great great companies don't get me wrong, I just don't see the growth like I do with other companies and the dividend increases are typically smaller than those of other companies. At 9x earnings you can't go wrong, but then again the price of oil could fall significantly, I'd rather stick with products inelastic to global conditions ie coca cola,pepsi,toilet paper,cigarettes.

I personally cannot fathom how coca cola ever will have a drop in income, they increase the price of cans to dealers like myself by a penny annually but thats a significant increase % wise ie from 2009-today a can of coke has gone from .17 cents to .24 cents thats a near 50% increase....wow....then the amount of money they make on bags of syrup they sell to fountain drink machine owners ie every restaurant,nightclub,gas station around is insane...not to mention they own so many big big brands, its not just coke