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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Oblomov who wrote (30702)	4/19/2008 2:54:47 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78659

Oblomov, I totally botched EOG. My decreasing brain cells with old age maybe. Certainly one problem with being so diversified as I am, is the classic issue --- that a person who has so many stocks can't keep track of them properly - can't really follow - what they own. My case may be worse: so overly diversified that I missed understanding what I DON'T own. I'm a follower of Kurt Wulff who has long been recommending EOG. I believed I had bought EOG shares based on my following his reports. Recently I noticed though that I couldn't find EOG within any of my portfolios. I either didn't buy any, or forgot somewhere that I sold shares I did buy. I feel I'm sort of stuck now. The company now has a big $33B market cap, the stock's doubled since July and is at highs. So I am reluctant to step in to start a position. Seems too late. OTOH, Mr. Wulff still recommends it as a buy, and the company does have a Bakken exposure. Further, I am adding to Bakken stocks that are near highs now anyway, so I'm not understanding my reluctance to step in for a few EOG shares. Mr. Wulff says buying is okay -g-, so maybe I will start with a small buy of this one too. Not sure. Fwiw, Mr. Wulff as of April 1, was recommending these "independent gas and oil stocks" as buys finance.yahoo.com I hold varying sizes in all these except I have no EPL and no EOG (unfortunately).