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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: rnsmth who wrote (24138)	12/27/2015 11:42:31 AM
From: rnsmth	Respond to of 34328

That ended up sounding a bit disjointed, so let me address the selling issues a bit more coherently :) Recent sales due to dividend freezes/cuts include KMI and CVX - in both cases I liquidate the positions. I also sold SDRL, but before the dividend cut. I became convinced that the world was awash in a sea of oil and drillers were at considerable risk. I wish now that I had then extended that view to midstream companies and to CVX. Live and learn. There are reasons that some sectors are cyclical and I think I will lean towards selling early rather than later.

To: rnsmth who wrote (24138)	12/29/2015 11:07:37 PM
From: TigerPaw	Respond to of 34328

I also have a sizable position in APU. It dumps a lot of cash in my account. It's been distressing to see it the last few months and I wish I had hedged in some way, I wouldn't sell at this level because I still think it's a good business. I heard that the CEO of Coca Cola once said they don't sell soda, they rent bottles (before they were disposable). APU is in that same kind of business now. They rent the tanks that hold propane and get paid to refill them. It doesn't really matter what the cost of oil is, they sell the delivery much more than they sell propane. It's price gets caught up in various ETFs and it will recover. In the mean time it still pays . It's been a warm winter so it's not paying as much as it does when it's colder. I don't see APU going away. Just wait for the wave of bankrupcy that is coming next year as the smaller oil patch companies get new contracts and new loans. Once that storm has passed the work-a-day companies will begin to recover.