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Strategies & Market Trends : Value Investing

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Ditchdigger

To: robert b furman who wrote (54609)	4/23/2018 2:32:10 PM
From: E_K_S	1 Recommendation Read Replies (2) of 78748

Conocophillips (COP) - peeled off 15% of COP shares @ $65.00/share (bought this lot 2/2009 at $30.00/share. Dominion Resources (D) - Did a 30% add to D @ $64.80/share. This increases the dividend as COP yield is only 1.75% vs D @ 5.06% yield. COP was A buffet Buy. This last BUY in 2009 for COP also included the spin off of PSX 5/2012 valued at $33.34/share. Those COP shares after the spin off were $56.10/share. Since then PSX has increased in value to $110.00/share. So, that COP Buffet Buy was an excellent value purchase when you factor in the PSX spin off. I continue to hold most of the PSX shares (did sell about 35%) w/ the last sale 4/18/2018 @ 109.10/share. The proceeds from that sale and today's COP sale was moved into a 30% Buy in D. The plan is to continue to lighten up the portfolio in NG & Oil (especially as we see three year high in the price of WTI) and move those proceeds into utility and specialty Ag/Food processors & distributors. Other than D, the other utility I have as a value Buy is PPL. I have only a 1/3 position in PPL and a 2/3 position in D. The Buys are triggered if/when I do any sales in the Oil?NG and/or pipeline stocks. EKS

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