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Who is still holding O&G stocks?

Posted on 12/30/22 at 11:27 am
Posted by GREENHEAD22
Member since Nov 2009
19669 posts
Posted on 12/30/22 at 11:27 am
I have sold most of mine except my long-term holds, XOM, COP, RDS.

Thinking about taking my gains and sitting on the side, was breakeven or in the red for years before this year.
Posted by METAL
Member since Nov 2020
1045 posts
Posted on 12/30/22 at 11:32 am to
Sitting on a ton. Can’t decide if I’m gonna sit or trim my position.
Posted by Triple Bogey
19th Green
Member since May 2017
6036 posts
Posted on 12/30/22 at 11:42 am to
I hold PAA, XOM, EPD, and OKE. As well as a several LEAP calls expiring in 2024. Not giving up on the trade.

ETA: They have all been a good balance for my tech stocks getting blasted all year.
This post was edited on 12/30/22 at 11:44 am
Posted by thelawnwranglers
Member since Sep 2007
38922 posts
Posted on 12/30/22 at 11:50 am to
Feels irrational but want to trim
Posted by UltimaParadox
Huntsville
Member since Nov 2008
40909 posts
Posted on 12/30/22 at 11:56 am to
Still holding cvx and BP as I have for many years. Just reinvest the divvy and never really think about it
Posted by frogtown
Member since Aug 2017
5072 posts
Posted on 12/30/22 at 1:04 pm to
I have options on VET,CRK, SWN, PR and CTRA.

If oil makes a run to $100 barrel I will begin to unload.

Posted by kengel2
Team Gun
Member since Mar 2004
31076 posts
Posted on 12/30/22 at 1:20 pm to
Ive got DCP, but their dividend is pretty good. I got in during the covid smackdown so it has to fall a huge amount before I even get worried.
Posted by SmackoverHawg
Member since Oct 2011
27387 posts
Posted on 12/30/22 at 1:27 pm to
MTDR is still a good buy. RIG is a good risk/benefit play, but I'd wait for the next price dip which is inevitable. They seem to be clear of bankruptcy risk for awhile and day rates are climbing. I don't mind sitting on my shares with a cost average of a little over $1.

Have a good chunk of VLO with DCA about $71/share. They pay a nice dividend and there aren't any new refineries getting built.


I really like MTDR. Frugal, cost conscious company that has grown during the past three years while reducing debt (could be debt free in 2 quarters depending on how they distribute profits) they have lowered break even costs substantially, increased their midstream revenuse/assets, instituted a dividend and just increased it. It's small. $.15/share but it was .10/share and they started it after the crash when other O&G companies were cutting or suspending dividends.
Posted by dwr353
Member since Oct 2007
2130 posts
Posted on 12/30/22 at 4:48 pm to
Down to just SU at this point. Sold Cop and XOM. Bought positions in them pre Covid. Jumped on them heavy near their lows. Sold them this year near their highs(long term gains). Just hate not owning them after all these years. Looking at DVN now. Looks interesting. Anyone have insight on them?
Posted by tiger91
In my own little world
Member since Nov 2005
36817 posts
Posted on 12/30/22 at 5:05 pm to
I have XOM; inherited it from a great aunt whose husband worked for Esso back then as an attorney -- he got salary and stocks. It's split twice since I've had it but we did sell some to balance out.
Posted by makersmark1
earth
Member since Oct 2011
16129 posts
Posted on 12/30/22 at 5:25 pm to
I sold some covered calls.
They may get exercised.
Posted by geauxpurple
New Orleans
Member since Jul 2014
12761 posts
Posted on 12/30/22 at 6:16 pm to
Me.
A financial advisor has been trying to convince me to sell Exxon and Chevron for a year. I am glad I didn’t. Eventually he may be right but I am staying put for now.
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
71776 posts
Posted on 12/30/22 at 9:22 pm to
<-----

Got them in 2020 when they were on sale. Getting a very good dividend yield plus the #gainz on the stock price.
Posted by My2ndFavCivilNgineer
Member since Jun 2013
587 posts
Posted on 12/31/22 at 7:19 am to
I’m not selling until after oil runs up again.

Which will be when a China reopens and the SPR is empty

Posted by Bow08tie
Louisiana
Member since Oct 2011
4244 posts
Posted on 12/31/22 at 11:49 am to
Up ~67% for 2022 on what I have
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
52036 posts
Posted on 1/1/23 at 4:33 pm to
I'm still in and plan to be for a while as there's nothing on the horizon to make O&G less lucrative.

Picked up a lot of XOM when it was $35-$45. Picked up a lot of PBT when it was below $10. Waiting for DNN to get back to $1.30 then I'll dump it. Grabbed some FRO at around $8.

A lot of what I've bought was when it was so low that if it ever gets down there again, it would likely be due to an overall market drop (recession, correction, etc) than a problem with the stock itself.
Posted by SlidellCajun
Slidell la
Member since May 2019
10619 posts
Posted on 1/3/23 at 7:48 am to
I hold individual companies and an ETF with supply companies
The etf had performed terribly
Posted by cwill
Member since Jan 2005
54754 posts
Posted on 1/3/23 at 5:34 pm to
XOM, CVX, TRP
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