re: Oil stocks...are you buying?

Good luck trying to time the exact bottom. This is a great Time to be DCAing regardless what happens. Bottom line is if you buy a ton of shares around these current numbers and hold until we get close to where we were before you'll be raking in capital appreciation. Not too mention dividends.

What is everyone's obsession with COP? XOM, RDS and CVX are all more diversified and none of them have sliced their dividend...

I have more CVX. I wish I had more SLB. I'd consider more COP, or a stock like it to ride up eventually, but for a core energy holding to buy and mostly forget, I prefer CVX.

And honestly, I have no idea what's all inside BRK.A, and the mutual funds I have, so I suspect I indirectly own more COP anyway. I've never looked at that stuff.

I've been buying a little bit more CVX. My instinct is to try to better time the bottom, and buy a chunk then, but I've been trying to do more just buy and forget, so I've been buying small amounts of CVX on pull backs.

Crack spread again this morning as far as I can tell. Can any of you guys involved in the future's end of it, or the oil business let me know if I'm reading this incorrectly please?

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What is everyone's obsession with COP? XOM, RDS and CVX are all more diversified and none of them have sliced their dividend...

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It's been discussed in the past ad infinitum. You want a company to make it by cutting the dividend for awhile or would you prefer a risky, volatile company that jacks up the dividend yield to astronomical numbers to try to lure in money in a short amount of time like plenty on the bubble now? go look at some on dividata.

I own RDSB and have stated as to why before as well.

Look, If you do not like COP don't buy! real simple. I've had it a long time and will continue to hold. Those other stocks are great as well. Knock yourself out!

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I'm about to get more Cop

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I'll grab some more RDSB soon.

Cop is a long term hold and is at a great price right now, when I'm ready to retire it will be worth more than double what I'm buying it for and should have a nice dividend.

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Jp1LSU

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I'll buy CPE when it gets to about 6.00 and sell anywhere from 6.30+

COP and XOM are wells fargo's top energy stocks

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With earnings season largely over for the E&P and integrated energy sector, Wells Fargo’s Roger Read and his team are adjusting their top picks in the category. Exxon Mobil (XOM) and ConocoPhillips (COP) make the cut, while Occidental Petroleum (OXY) does not.

Gerald Herbert/Associated Press

Occidental is still a Buy-rated stocks for Read, but the shares are up more than 20% in the past month, nearly five times the S&P 500’s performance, prompting the removal from the Top Picks List.

By contrast, Read raised his valuation range for Exxon to $89 to $98, citing its large size and robust capitalization as assets that will help the firm in a time of capital constraints in the sector. As for ConocoPhillips, he writes that it’s “not out of the woods,” given that he estimates it will outspend cash flows this year, and it will likely be hit by credit downgrades. Nonetheless, he sees a “clear path” for the company to generate free cash flow in 2017.

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Quietly Brent starting to push the $40's starting with September delivery.

Any chart guys on here have any insight? It seems to me, and I'm not a chart guy, we're hitting some sort of equilibrium?

Again where I'm at with it is that I thought the $20's were the absolute bottom, but I have no idea for how long we could trade sideways. I notice rig count is still decreasing.

I'm guessing when it takes off, it's going to take off in a big hurry.