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Oil drilling companies

Posted on 4/17/20 at 2:12 pm
Posted by GeauxtigersMs36
The coast
Member since Jan 2018
7857 posts
Posted on 4/17/20 at 2:12 pm
For a long hold would it be wise to invest now?
Posted by Enfuego
Uptown
Member since Mar 2009
9883 posts
Posted on 4/17/20 at 2:24 pm to
H&P might be the only drilling stock I'd consider touching.
Posted by PetreauxCat
TX
Member since May 2009
858 posts
Posted on 4/17/20 at 2:46 pm to
No, it's going to get worse before it gets better.
Posted by LigerFan
Member since Jan 2014
2711 posts
Posted on 4/17/20 at 2:49 pm to
quote:

H&P might be the only drilling stock I'd consider touching.


Dividends are around 10% at the current stock price. Great purchase. Company is run really well too.
Posted by GeauxtigersMs36
The coast
Member since Jan 2018
7857 posts
Posted on 4/17/20 at 3:22 pm to
I like dividend stocks. Thanks.
Posted by firstandtiger
Sulphur, LA
Member since Aug 2013
234 posts
Posted on 4/17/20 at 4:26 pm to
What is their symbol
Posted by GREENHEAD22
Member since Nov 2009
19603 posts
Posted on 4/17/20 at 4:41 pm to
I am sitting in the GOM trying to wrap up a $300M project.

Trust me when I say, don't touch anything in O&G right now.
Posted by sonoma8
Member since Oct 2006
7666 posts
Posted on 4/17/20 at 5:23 pm to
Unfortunately, I hear many people say the same thing.
Posted by LSUTOM07
Baton Rouge
Member since Dec 2011
765 posts
Posted on 4/17/20 at 5:27 pm to
quote:

Dividends are around 10% at the current stock price. Great purchase.



Sustainable 10% dividend. Solid advice.
Posted by schexyoung
Deaf Valley
Member since May 2008
6534 posts
Posted on 4/17/20 at 5:53 pm to
You don’t want any part of offshore drilling
Posted by AaronDeTiger
baton rouge
Member since Jun 2014
1558 posts
Posted on 4/17/20 at 8:24 pm to
quote:

Trust me when I say, don't touch anything in O&G right now.


Buy high and sell low

Outside of a company going bankrupt I don't see how this is a bad time to buy if you are planning to hold this until retiring in 20+ years.
This post was edited on 4/17/20 at 8:28 pm
Posted by tgrbaitn08
Member since Dec 2007
146214 posts
Posted on 4/17/20 at 8:32 pm to
Chevron
Posted by Sum3rian
Metry
Member since Mar 2012
395 posts
Posted on 4/17/20 at 8:36 pm to
Chevron and Phillips 66. That’s about it.
Posted by tgrbaitn08
Member since Dec 2007
146214 posts
Posted on 4/17/20 at 9:01 pm to
I don’t have Chevron yet but I’ve been watching it.

I’ve been having COP and PSX for 15 years. Even before the split.
Posted by cwill
Member since Jan 2005
54752 posts
Posted on 4/17/20 at 10:53 pm to
$18 oil, go for it brah!!!
Posted by cave canem
pullarius dominus
Member since Oct 2012
12186 posts
Posted on 4/17/20 at 11:27 pm to
quote:

$18 oil, go for it brah!!!



$18 oil or $60 oil, it is still too expensive and will continue to die a slow death as long as there are cheaper extraction options.
Posted by SlidellCajun
Slidell la
Member since May 2019
10417 posts
Posted on 4/18/20 at 7:55 am to
I’d say that’s a very broad statement.

Steer clear of offshore drillers and other equipment companies related to O&G but the majors are not necessarily bad at these prices. Great dividends to be had too.

I like Philip 66, BP, Chevron.
Posted by CajunTiger78
Member since Aug 2017
2528 posts
Posted on 4/18/20 at 8:33 am to
Honestly after doing a little research it appeared that Royal Dutch Shell and Phillips 66 were more prepared to survive this downturn. I bought 10 stocks of Phillips about 2 weeks ago and will hold. They were averaging in the 100 range prior to the downturn and dipped into the 50-60 range, probably will dip further.
Posted by barry
Location, Location, Location
Member since Aug 2006
50346 posts
Posted on 4/18/20 at 11:56 am to
quote:

Outside of a company going bankrupt


Yea outside of being completely wiped out of my entire equity position, what could go wrong.
Posted by DiamondDog
Louisiana
Member since Nov 2019
10570 posts
Posted on 4/18/20 at 12:11 pm to
(no message)
This post was edited on 12/17/21 at 10:03 pm
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