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Started By
Message
Oil stocks...are you buying?
Posted on 1/12/16 at 11:53 am
Posted on 1/12/16 at 11:53 am
Marathon (MRO) is down 8% for the second day in a row.
ConocoPhillips (COP) is now dividend yielding nearly 7.5%.
Anyone buying today, or are you waiting for more falling? If waiting, how much longer do you think it will be to hit the bottom?
ConocoPhillips (COP) is now dividend yielding nearly 7.5%.
Anyone buying today, or are you waiting for more falling? If waiting, how much longer do you think it will be to hit the bottom?
This post was edited on 2/10/16 at 3:11 pm
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Posted on 1/12/16 at 12:02 pm to LSUneaux
Lots of us are buying/adding to positions as prices continue to drop. General sentiment is that prices will continue to drop for a while, so there may be a better time to get in.
The companies you mentioned in addition to +/-15 others are probably all solid choices in the long run.
The companies you mentioned in addition to +/-15 others are probably all solid choices in the long run.
Posted on 1/12/16 at 12:15 pm to Grits N Shrimp
Anyone have thoughts on VDE (Vanguard's Energy ETF)?
My limit order got executed yesterday at $75, may put in another around $62.50 to keep DCAing going forward.
My limit order got executed yesterday at $75, may put in another around $62.50 to keep DCAing going forward.
Posted on 1/12/16 at 1:28 pm to GoIrish02
Some on here thought they were doing real well buying VDE at $99. I thought I was gold at around $88.
No one knows anything anymore. I bought MRO at $14.77 and didn't sell at $20 like a dumbass
No one knows anything anymore. I bought MRO at $14.77 and didn't sell at $20 like a dumbass
Posted on 1/12/16 at 1:45 pm to LSUneaux
quote:
ConocoPhillips (COP) is now dividend yielding nearly 7.5%.
Posted on 1/12/16 at 2:58 pm to bayoubengals88
My advisor told me to get in on DBO @ $14.30
It is sitting at $7.529 as we speak.
AWESOME
It is sitting at $7.529 as we speak.
AWESOME
Posted on 1/12/16 at 3:05 pm to LSUneaux
im not touching oil until mid march.
Posted on 1/12/16 at 3:14 pm to slutiger5
my oil stocks
Posted on 1/12/16 at 3:35 pm to iron banks
Holding EXXI and DNR. Down 78% on EXXI and 61% on DNR. FML.
Posted on 1/12/16 at 5:38 pm to LSUneaux
I am waiting for it to bottom and start back up. I bought a good bit on the way down but it keeps going further than I thought. Now I'm on the sidelines since this stuff is getting bad...I'll wait until I can see brighter days ahead
Posted on 1/12/16 at 6:29 pm to LSUneaux
The question is can they continue to generate enough income to sustain the dividends? I recently had this conversation with a stock broker friend of mine about Exxon and Chevron. He felt that the dividends would not be reduced because those companies have a history of not reducing dividends.
Posted on 1/12/16 at 8:50 pm to LSUneaux
Recently I moved from 100% cash to trying to buy the lows, looking for gains over the next 2-3 years.
Bought Kinder Morgan at 17.59 (now 13.61, geez)
Bought EOG at 69.95 (now 62.91, ouch)
Bought Anadarko at 37.75 (now 37.34)
I still feel good about these over the 2-3 year time window, but it would be nice to catch something before it goes up. Just glad I sold XOM, CVX, and EOG after big gains between August and November, so I'm still playing with house money - for now.
I would really like to load up on XOM if it gets back down in the 60's, but the price has been surprisingly resilient versus the lows seen in late 2015.
Currently 55% cash and trying to be highly selective with the remainder, which is why I would like to catch XOM on a dip.
Bought Kinder Morgan at 17.59 (now 13.61, geez)
Bought EOG at 69.95 (now 62.91, ouch)
Bought Anadarko at 37.75 (now 37.34)
I still feel good about these over the 2-3 year time window, but it would be nice to catch something before it goes up. Just glad I sold XOM, CVX, and EOG after big gains between August and November, so I'm still playing with house money - for now.
I would really like to load up on XOM if it gets back down in the 60's, but the price has been surprisingly resilient versus the lows seen in late 2015.
Currently 55% cash and trying to be highly selective with the remainder, which is why I would like to catch XOM on a dip.
Posted on 1/12/16 at 11:01 pm to Bayou Tiger
I have shares of XOM that I bought back in 2010 that I am still in the green on. I will consider buying more if it drops in the low to mid 60's. I'm also considering Shell (RDSB) because it has paid a steadily increasing dividend since World War II. It has been beat up more than XOM. I took some profits in 2015 and am leaning towards buying round lots as, and if, the price keeps dropping.
Posted on 1/13/16 at 8:17 am to LSUneaux
I bought a little Shell and BP last week for a starter position...both promptly fell 15 and 8% respectively. I definitely haven't added to my position.
Posted on 1/13/16 at 8:28 am to Bayou Tiger
In all honesty I see no reason to own shale oil companies in this market at all. Owning them is basically a long play on oil prices going back up above $55-$70 depending on what acreage each company owns in each play. It seems to me that if one wants to make a bet on long oil prices there are better ways to do it than through names like EOG, CXO, PXD, APC, etc. These guys are all bleeding money below at least $50 per barrel if not higher and carry huge debt loads. Owning the integrated majors looking for a turnaround seems a much better strategy.
This post was edited on 1/13/16 at 8:29 am
Posted on 1/13/16 at 8:31 am to geauxpurple
The big majors have earnings problems but plenty of cash. At this point reduced dividends should not be a concern for the majors. Now if we are at 40 a barrel 5 years from now they may burn through a lot of cash.
Posted on 1/13/16 at 8:35 am to TigerDog83
quote:
I see no reason to own shale oil companies in this market at all. Owning them is basically a long play on oil prices going back up above $55-$70 depending on what acreage each company owns in each play. It seems to me that if one wants to make a bet on long oil prices there are better ways to do it than through names like EOG, CXO, PXD, APC, etc.
Agree completely as most of the shale companies are smaller. Now is the time to by majors, if one is buying energy IMO.
Posted on 1/13/16 at 8:40 am to LSUFanHouston
quote:
At this point reduced dividends should not be a concern for the majors
Even if there is a reduction, I don't see any kind of elimination occurring.
Posted on 1/13/16 at 9:37 am to LSUneaux
hedge funds have gone nuts. Best bets are EPD and APU but they haven't been whacked as much which is a danger.
Posted on 1/13/16 at 11:28 am to jb4
Is there a concensus on the best major to buy? I have some positions in COP that I bought back in 2013 that are now in the red. I can't decide if I want to stock with COP or if XOM or RSDA are better plays.
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