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

Posted on 10/14/14 at 9:44 pm to
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72462 posts
Posted on 10/14/14 at 9:44 pm to
Yes I work in O&G. I SOLD my BP stock. Not hearing good things. I prefer my others anyway.
This post was edited on 10/14/14 at 9:45 pm
Posted by donRANDOMnumbers
Hub City
Member since Nov 2006
16900 posts
Posted on 10/14/14 at 10:11 pm to
Whats all this talk about the GOM cooling off? It was my understanding that the GOM was gonna be on fire the next few years.
Posted by Kerndog
Member since Nov 2008
34 posts
Posted on 10/14/14 at 10:56 pm to
Looks like I jumped the gun on initiating a position in COP. Got in last week at $72. Will average down if it goes much lower.

What about KMI? They have already stated that the dividend will be $2 per share next year and with the current stock price that yield is almost 6%. They also plan on raising the dividend ~10% each year.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80757 posts
Posted on 10/15/14 at 10:28 am to
I was on a conference call all morning and missed COP below $64
Posted by vuvuzela
Oregon
Member since Jun 2010
14663 posts
Posted on 10/15/14 at 12:15 pm to
quote:

I was on a conference call all morning and missed COP below $64


looks like this gracious market has generously offered you another chance!
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80757 posts
Posted on 10/15/14 at 12:29 pm to
I'm in at 63.71. Still have some money on the sidelines to buy more if it keeps sliding
Posted by bayoubengals88
LA
Member since Sep 2007
18883 posts
Posted on 10/15/14 at 12:30 pm to
well done.

ETA: Did not expect my buy price of $63 to come into play any time this week.
This post was edited on 9/20/15 at 6:08 pm
Posted by LSUneaux
NOLA
Member since Mar 2014
4485 posts
Posted on 10/15/14 at 12:55 pm to
You think it's done? Crude expected to continue plunging with supply so high.
Posted by bayoubengals88
LA
Member since Sep 2007
18883 posts
Posted on 10/15/14 at 12:58 pm to
quote:

You think it's done?
By no means. I just didn't expect such haste.
Posted by Bistineaubengal
Member since Aug 2008
796 posts
Posted on 10/16/14 at 10:23 am to
(no message)
This post was edited on 1/13/21 at 8:54 am
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72462 posts
Posted on 10/16/14 at 12:47 pm to
quote:

I'm in at 63.71. Still have some money on the sidelines to buy more if it keeps sliding



Posted by windshieldman
Member since Nov 2012
12818 posts
Posted on 10/16/14 at 3:03 pm to
Any of ya'll have any thoughts on BP? Sold Apple and looking to get either XOM or BP.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 10/16/14 at 3:03 pm to
Posted by windshieldman
Member since Nov 2012
12818 posts
Posted on 10/16/14 at 3:43 pm to
Has that question been a big discussion already?

Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 10/16/14 at 3:45 pm to
No but I'm curious
Posted by C-Bear
A Texas Tiger
Member since May 2005
809 posts
Posted on 10/16/14 at 4:59 pm to
Once again concerning BP, rumors are abundant about them selling the GOM platform(s). I'm not talking just one, possibly ALL of them. Major cuts in head count, supposed to be announced soon. This info coming from people in and outside of BP.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 10/16/14 at 5:23 pm to
Selling to who?
Posted by C-Bear
A Texas Tiger
Member since May 2005
809 posts
Posted on 10/16/14 at 6:23 pm to
Not comfortable divulging that info. Have heard one company mentioned for as many as three, and another one for Atlantis. Scuttlebutt is they desire to sell controlling interests to get out of OPS in the GoM. Have not heard mention of the drilling side being affected. Ironic, since it was the drilling side that got them into this mess. Two dates have been mentioned, 11/15 and 12/15. Don't know if that is to announce layoffs and/or asset sales. Certainly, anyone can confirm, deny, or add to what I've mentioned.
This post was edited on 10/16/14 at 8:09 pm
Posted by bayoubengals88
LA
Member since Sep 2007
18883 posts
Posted on 10/16/14 at 6:36 pm to
quote:

Once again concerning BP, rumors are abundant about them selling the GOM platform(s). I'm not talking just one, possibly ALL of them. Major cuts in head count, supposed to be announced soon. This info coming from people in and outside of BP.

SO, wait to buy BP?
Posted by eng08
Member since Jan 2013
5997 posts
Posted on 10/16/14 at 8:00 pm to
Either way the market usually likes asset sales and personnel cuts even more.
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