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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding
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To: E_K_S who wrote (6343)9/12/2020 9:26:31 AM
From: robert b furman  Read Replies (1) of 13803
 
Hi E_K_S,

Joined you and bought 250 cvx @ 78.10 (6.60 % yield). First actual stock bought, but have puts in January 2021(yielding 5.6%).
Will add another 250 is it slides a bit further to 73.71 (7.0%). A year ago I was thinking these first class solid balance sheets were a bargain if they yielded 5%!

The Covid demand destruction will pass, and Capex cutback will show up in supply shortage and crude's price will recover.

In between XOM and CVX will have globally low cost crude and natural gas plus liquids vs many Opec+ countries with much higher costs.

If one simply takes a long term view, this is a generational opportunity to buy the best of class firms.

Hopefully gonna be a long enjoyable hold yielding divvies four times a year.

Thanks for posting your trade. I got the XOM dividends and they were burning of hole in my pocket. <smile>

Bob
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