EKS. I'm a little shell-shocked with all my positions in the oil sector.
I added substantially (for me) to CVX yesterday. If CVX will drop further I want to continue to add aggressively to pump up my shares to a full position (But, otoh, I may scare myself from doing this-- these oil stocks are so volatile and the press is so negative about where oil prices are going.)
I added to TLM today. It's a one-stop for several oil shale plays - New Brunswick, Fayetteville, Montney.
IF oil will stay above say $85-$90 barrel, and IF Lula (Brazilian President) doesn't choke Petrobras with onerous tax laws-- or worse, confiscation - 'we want our fair share' stuff -- then imo, if anybody wants an oil stock to buy for 2 year or more holding, and if the person doesn't already own Petrobras, then NOW would be the time to begin accumulating this stock.
All jmo, and I have been wrong many, many times. Especially recently. |
