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re: Time to buy some XOM(Oil stock discussions)?

Posted on 10/13/14 at 11:09 am to
Posted by LSUneaux
NOLA
Member since Mar 2014
4485 posts
Posted on 10/13/14 at 11:09 am to
Bayou Bengal, who are you with? I'm at TD Ameritrade at $10/trade, so I personally limit my trades. With $500, you're down 2% at the get go, 4% if you count your future sale.
Posted by LSUneaux
NOLA
Member since Mar 2014
4485 posts
Posted on 10/13/14 at 11:13 am to
Yeah I wish I was investing during the BP disaster in the Gulf.
Posted by bayoubengals88
LA
Member since Sep 2007
18883 posts
Posted on 10/13/14 at 11:17 am to
I'm with TD Ameritrade too, but ONLY for commission free ETFs.

I use Tradeking at 4.95 per trade.

But most importantly, checkout Computershare for NO fee DRIPs.
Posted by LSUneaux
NOLA
Member since Mar 2014
4485 posts
Posted on 10/13/14 at 11:19 am to
There are no drip fees with TD.
Posted by bayoubengals88
LA
Member since Sep 2007
18883 posts
Posted on 10/13/14 at 11:46 am to
But you've still got to pay the $9 commission right?
Posted by LSUneaux
NOLA
Member since Mar 2014
4485 posts
Posted on 10/13/14 at 11:51 am to
You only pay $10 when you buy or sell. The dividends you reinvest are done for free.
Posted by bayoubengals88
LA
Member since Sep 2007
18883 posts
Posted on 10/13/14 at 11:54 am to
Thats good to know, but if I'm only going to invest $100-200/month 5 to 10% commission would kill me.

with Computershare it's all company paid (for COP and XOM).


ETA: Halliburton anyone? approaching 52 week low.
This post was edited on 10/13/14 at 12:04 pm
Posted by C-Bear
A Texas Tiger
Member since May 2005
809 posts
Posted on 10/13/14 at 3:16 pm to
Speaking of BP, any of you oil and gas people? Hearing some "interesting" things about them and what lies ahead...
Posted by C
Houston
Member since Dec 2007
27816 posts
Posted on 10/13/14 at 3:56 pm to
quote:

Hearing some "interesting" things about them


I've heard tons of rumors from all the majors lately so certainly not sure what to believe.
Posted by C-Bear
A Texas Tiger
Member since May 2005
809 posts
Posted on 10/13/14 at 4:04 pm to
Rumors have been out for awhile. People have been leaving/forced out for awhile, but layoffs are supposedly coming, to the tune of around 5k, maybe more. Have also heard about more asset sale(s) from the GOM, with specific players finally being mentioned. Thoughts are they're pulling out of OPS in the GOM.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80757 posts
Posted on 10/13/14 at 4:11 pm to
I have a work 401k through Fidelity so I decided to open up an individual account in order to have everything in 1 place. I have a few thousand $$$ ready to jump into the market and I will likely just in on some of these oil companies, specifically COP. Do dividends automatically re-invest or are they added as cash in the portfolio? I have no clue as I've never owned individual stocks.
Posted by bayoubengals88
LA
Member since Sep 2007
18883 posts
Posted on 10/13/14 at 4:33 pm to
The term reinvestment by definition should mean that the div. goes straight toward new shares, but I don't know anything about Fidelity. It might not work that way? It's best to call. Anyone else know??

I like COP
Are you going to wait a bit longer?
Posted by NOFOX
New Orleans
Member since Jan 2014
9932 posts
Posted on 10/13/14 at 4:38 pm to
Fidelity allows DRIP. You can elect to automatically reinvest.
Posted by LSUGUMBO
Shreveport, LA
Member since Sep 2005
8487 posts
Posted on 10/13/14 at 4:41 pm to
With Scottrade, there's what's called "Flexible Reinvestment" where you can take your dividends and allocate them to whatever stocks you want, or you can just get cash directly deposited into your account if you don't use the "FRIP".
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80757 posts
Posted on 10/13/14 at 4:54 pm to
quote:

Are you going to wait a bit longer?

Yep, I'm holding out for $65
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80757 posts
Posted on 10/13/14 at 4:55 pm to
quote:

Fidelity allows DRIP. You can elect to automatically reinvest.

Is this something I need to do when making the trade, or is there an option to do after I have acquired the shares?
Posted by LSUTigersVCURams
Member since Jul 2014
21940 posts
Posted on 10/13/14 at 5:13 pm to
quote:

COP


They were trading in the low $50s after the split. Still for not buying a shite load and holding.
Posted by Big Saint
Houston
Member since May 2009
1453 posts
Posted on 10/13/14 at 6:09 pm to
Either or. Its a preference you go in and change.
Posted by LSUneaux
NOLA
Member since Mar 2014
4485 posts
Posted on 10/14/14 at 9:41 am to
Can't wait for my money to clear today or tomorrow. I will be jumping on COP's plunge ASAP.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80757 posts
Posted on 10/14/14 at 9:30 pm to
COP down another 2.75% today. Another couple percentage points and we will be at $65
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