i also sold off a bunch of VLO last week, keeping only my long-time very low-basis shares. i also sold all my SU, DVN, ECA, etc. and rolled a bunch of the proceeds into COS last Thursday and Friday. last Thursday i decided the valuation gap between SU and COS had gotten too extreme and was willing to transition from an overweight COS position to a morbidly obese position -g-.
at the same time, i pulled back on a lot of other names, essentially selling everything besides COS that is not a big dividend payer. the other names i have are AET.un, ERF, HGT, Peyote (PEY.un), PWE, SJT, VET.un.
the above dividend payers are all in a taxable acct. tax preparation will be a pain in the ass, but the cash flow is good.
overall, i have the biggest COS position i've had in a long time, but my overall energy weighting is now down to around 42%, which is low for me (standard is 50%). |
