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

To: E_K_S who wrote (48947)	9/11/2012 11:30:05 AM
From: E_K_S	Read Replies (2) \| Respond to of 78750

Marathon Oil Corporation (NYSE: MRO) - peeled off 40% of shares Hess Corporation (NYSE: HES) - Sold my high price shares for small gain My initial fair value target for MRO was $30.00/share. I decided to reduce my position by 40% and book my 12% gain from shares purchased 7/30/2012. The remaining shares I will hold in my Oil basket eventually looking to swap the balance of the MRO shares into COP (at lower prices $52-$54). Peeled off my high priced shares of HES for a small gain (bought that lot 4/25/2012 @ $52.42). The remaining shares are a long term hold w/ a $73-$83 GN/EKS$ value price target. Proceeds to go to EPB and more COP at lower prices ($52-$54). Both generate higher current dividend payments but may not be as undervalued as HES. With this reallocation, I am able to up my dividend earnings, reduce my total cost basis on the positions, and still hold a basket of undervalued assets in EPB, MRO and HES. For me, the risk reward profile is better positioned for a long term hold. EKS