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re: BP drop watch thread

Posted on 12/10/14 at 9:15 am to
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
81083 posts
Posted on 12/10/14 at 9:15 am to
Losing the appeal has nothing to do with the drop IMO. That was already priced in for the most part; no one thought they would win.

Look at all the majors. BP is actually not dropping as much as some of them. I'd take a hard look at CVX if you are looking at long term here. Hard to pass on a 4% yield with this price
Posted by 704Reb
Memphis
Member since Aug 2010
2038 posts
Posted on 12/10/14 at 9:26 am to
What about COP? Strong dividend 4.3% and also on sale right now
Posted by I Love Bama
Alabama
Member since Nov 2007
37880 posts
Posted on 12/10/14 at 9:36 am to
I wouldn't count on ANY energy companies to continue paying a dividend if current oil prices keep dropping.
Posted by VetteGuy
Member since Feb 2008
30163 posts
Posted on 12/11/14 at 10:23 am to
quote:

I'd take a hard look at CVX if you are looking at long term here. Hard to pass on a 4% yield with this price


Buy it like you mean it.
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