I was almost exclusively invested in the oil service business when oil dropped below $9 per barrel.
I was sniffing the air and asked a friend, do you smell it? She asked, smell what? I said, opportunity.
Most of the companies I owned back then were eventually gobbled up or disappeared. FLC, MRL, TMAR, GW, etc. I even held your VRC which turned out to be a very nice investment for me.
Although I earned some very handsome profits back then, it was almost impossible not to, the lesson learned during those years, which I got away from, but is now cemented into my business plan, is to own quality. Own the most financially sound companies who have the resources to weather any storm.
My holdings are: CVX, XOM, SDRL, MHR and then in the o&g pipelines, MMP, EPD, KMP, KMR, KMI.
I suppose I could include TPZ in this category although it does include utility bonds. |
