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

Posted on 8/6/15 at 1:30 pm to
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80856 posts
Posted on 8/6/15 at 1:30 pm to
quote:

TTT: I've yet to open an energy position, and I've been watching since last fall.

I wish I would have been just watching since the fall as well My RDS-B, COP, and KMI holdings are looking ugly. However, holding long term so the dividends are reinvesting at a very nice low price.

quote:

Once I pile up some more cash (just bought a house), I'll be looking to buy COP or MRO. I want that absolute bottom!!

I really hope a bottom is somewhat soon. I have cash, but things keep falling so I'm stting tight until it starts going back up. I'd rather miss the bottom and get in just after than get in now and it slide another 20-30%
Posted by Toula
504
Member since Dec 2006
35399 posts
Posted on 8/6/15 at 1:34 pm to
Been eying Chevron (CVX) and Stone Energy (SGY) for last few weeks.

Kind of nervous to get in now and still decline into Q4. Looking to get in big when there's a consistent upswing or the oil chicken littles stop
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