XOM stock (also other major oil stock talk)

Damn I hadn't kept up.

I'm loading up on BP if it falls some more. I wish though BP would rise and XOM would fall so I can sell BP and buy XOM. Proooooooobably won't work out that way.

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the energy sector is a good opportunity for us young to middle aged guys. I'm looking to buy and hold long term in my retirement account.

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Reading probates I always got really envious of the estate heirs who had 10,000 shares of Exxon valued at like $3/share in 1976.

I'm in VDE @ around 108... hoping it tanks so I can DCA the whole way down

I'm in cop, cvx, and sdrl and I choose not to look

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SDRL

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Prayers sent

Finally closed on the house, time to throw some money into the market now!

fricking oil.

Would you just hit a bottom already so we can all get rich on the way up.

Killing the rest of my portfolio too.

I had too much of my stocks in oil before the crash and am weary of buying more. If I do it will be Exxon or another major. But probably not BP.

HES looked like a good E&P to purchase last time I examined it 2 months ago, if anyone is interested. It has the best financial position I have seen out of any E&P right now (and perhaps even the integrated companies), especially its Current ratio of 1.38 and Debt/Equity ratio of 26.96. $1.8 billion of their long term debt matures over the next five years, with $1.1 billion coming due in 2019. OXY is the only other major E&P with less debt (as a percentage basis, obviously) with a Debt/Equity ratio of 19.56, but OXY is not profitable right now while HES is. HES also currently has $2.4 billion in cash right now and $5.2 billion in revolvers/credit lines in case they need it, but I don't think they will. Book value is $71.18, so you get a little discount at today's stock prices. Their F&D costs for a barrel of oil are ~$25. Their main fields are the Bakken (26% of their production and 33% of their reserves), the Gulf of Mexico (22% of production and 7% of reserves), the North Sea (14% production and 23% reserves), and Equatorial Guinea and Malaysia/SE Asia (each having 13% of total production and <10% of total reserves). They plan on growing their Bakken and North Sea operations but not the GoM.

DISCLAIMER: If you like my research and decide to buy, just remember this is not investment advice, so if you lose money, don't blame me because it was your decision (I will accept a fate of downvotes, however). If you buy it and it does well, then please remember me and buy me some LSU football tickets as a thank you or something.