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Message
re: Bloomberg: Big Oil Goes Looking for a Career Change
Posted on 9/16/20 at 2:23 pm to dewster
Posted on 9/16/20 at 2:23 pm to dewster
quote:
I've been buying a little bit at a time for a while. If people are using petroleum products, XOM will be a leader in that industry.
Even their dividends aren't enough to make up for a -50% return over the last 5 years, which is especially horrific when you consider the historic bull market we have had during that period. You are better off leaving that money in your checking account earning 0.01% interest than 'investing' in XOM, or you could just throw money out of your car window everyday going down the freeway, at least that would be more interesting.
This post was edited on 9/16/20 at 2:56 pm
1
Posted on 9/16/20 at 2:26 pm to rickgrimes
quote:
-50% return over the last 5 years.
I didn't own the stock 5 years ago. My costs basis per share is right under $40 per.
I'll continue buying a little at a time over the next few years when I notice the price dropping below $40. And I'm prepared to hold onto it for a while.
This post was edited on 9/16/20 at 2:34 pm
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