Fwiw, been making some changes to my oil/oil service stocks.
In past couple of days, I've started a small buy of NE, added to RIG and DO, trimmed KPELY, PDS. I added a little to my few IMO, CNQ, TRGL shares.
I'm adding a little today to my losing position in UNT. Company has been profitable each of past ten years (as far back as I have numbers). Such land driller and natural gas stocks are really more out of favor than in favor now. Still, with UNT they are in diverse sectors, and --- given forward p/e, current roe, low relative psr compared to past ten years' averages, low relative p/bk compared to past ten years' numbers, low d/e ratio--- the stock, imo, is a buy for a 2-3 year holder. OTOH, stock apparently had a bad (but profitable) year in 1998, and these ratios got a lot lower then then now. Unless there's forthcoming bad news though, I'll keep buying as stock drops.
Adding now to VLO position.
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Also fwiw, in past couple sessions, I've added to my few shares of RSH, LMC.
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