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Old 08-21-2015, 03:43 PM   #421
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XOM hit a 4% YIELD today down 8 percent on week
COP down 8 percent on week
CVX down 12 percent on week now yields 5.65%
KMI down 6 percent on week now yields over 6 percent
BHP down 8 percent on week now yields over 7 percent
MMP down 4.5% on week now yields 4.4 percent

Oil at $40 a barrel

XOM and MMP are the only 2 I would dip my toe on, did buy some MMP @67 today replacing KKR who fortunately I had sold @ 22.41 on Monday along with WFC @ 57.45 lowering my net equity exposure this week by 2 percent, I have no replaced WFC in my portfolio though the market cut that by a bit more these last 2 days.

This does have the potential to get very ugly

Im not much of a trader and when I am its small. But I got lucky buying 100 shares of Chevron year before last at about $100 and sold at $130 about 2 months later... I wouldnt touch it at all now. My hands still have scars from catching falling knives over the years.


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Old 08-21-2015, 03:51 PM   #422
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Scars on hand? That's not so bad. FF to 3:40 on this video.

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Old 08-21-2015, 03:57 PM   #423
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XOM is trading at $72 now and has a 4% yield. Nice!

Wish I actually had money to buy it...
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Old 08-21-2015, 03:57 PM   #424
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Scars on hand? That's not so bad. FF to 3:40 on this video.


Ya, I havent had one stuck in my forehead yet! But I wasn't a nice person today. A friend of mine who has just been in the market now for 2 years contributing monthly. He emailed me today complaining about his ETF carnage. I told him its just the beginning; we are just starting 1964-1982 all over again and he will lose money for 18 years. That really got him all out of sorts as he never knew you could lose money that many years.


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Old 08-21-2015, 03:58 PM   #425
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I did buy more AMLP yesterday. Too bad I didn't wait a day...
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Old 08-21-2015, 07:32 PM   #426
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Ya, I havent had one stuck in my forehead yet!
Don't miss what happens to the guy trying to catch the boomerang at 3:57.
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Old 08-21-2015, 09:11 PM   #427
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Don't miss what happens to the guy trying to catch the boomerang at 3:57.

That wouldn't be so good either!


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Old 08-22-2015, 08:12 AM   #428
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An old college buddy of mine worked for CVX for years. Retired in his early 40's. Basically put all his eggs in the stock over the years and still owns it, over 20,000 shares. Doing the math, he is down over $1 mil from his high. He does own a few other stocks, but dividends from CVX is his primary source of income. And he is still buying more shares on the declines. He is not concerned if they cut their dividend as he lives on less than half of the div's he receives.

More than likely he will do fine over time, but not a formula for good sleep. Not for me anyway.........
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Old 08-22-2015, 10:26 PM   #429
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Got into ERX late on Friday. With any bounce next week, this one should pop and hopefully can book a small gain. Of course the 3x etfs are not ideal to hold beyond a week or two. Here's hoping for a relief rally in the next few days.
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Old 08-23-2015, 08:35 AM   #430
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An old college buddy of mine worked for CVX for years. Retired in his early 40's. Basically put all his eggs in the stock over the years and still owns it, over 20,000 shares.
Either he has brass ones or he's not aware that Chevron occupies the former Enron buildings in downtown Houston.

Not that Chevron is a giant scam, but no one should have all their wealth locked up in their employer's stock.
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Old 08-24-2015, 01:54 PM   #431
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How about SDLP now?

Trading for $9.30 or thereabouts. I think that is like a 25% yield on the dividend.

Anyone thinking of buying a little here? Contracts good until 2017 and later.
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Old 08-24-2015, 02:22 PM   #432
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How about SDLP now?

Trading for $9.30 or thereabouts. I think that is like a 25% yield on the dividend.

Anyone thinking of buying a little here? Contracts good until 2017 and later.

If I had the money I'd be on it. Sucks being broke all the time. Every time I have money it burns a hole in my pocket.
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Old 08-24-2015, 02:26 PM   #433
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If I had the money I'd be on it. Sucks being broke all the time. Every time I have money it burns a hole in my pocket.
SDLP yield is 24.41%
P/E is 5.08
forward P/E is 3.4
P/B 1.1
P/S .7
P/CF 1.5
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Old 08-24-2015, 02:30 PM   #434
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SDLP yield is 24.41%
P/E is 5.08
forward P/E is 3.4
P/B 1.1
P/S .7
P/CF 1.5
Everyone thinks SDLP is the same symbol as SDRL

That must be part of the issue.
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Old 08-24-2015, 02:32 PM   #435
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Some high yields out there.

T = 5.83
CVX = 5.93
COP = 6.95
RIGP = 15.66
SDLP = 24.65

PFF = 6.26
AMLP = 8.70
REM = 14.65
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Old 08-24-2015, 02:33 PM   #436
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Everyone thinks SDLP is the same symbol as SDRL

That must be part of the issue.

Probably right. Its like the perfect storm for the oil sector.
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Old 08-24-2015, 04:43 PM   #437
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Oil breaks $40 today, interesting to hear of bond issues of oil company's debt dropping to 30 cents on the dollar. Didn't catch the company name but on CNBC they spoke of a multi billion dollar debt offering from an oil company in March that is now trading under 60 cents on the dollar.

XOM is now yielding 4.25% and has finally broken 70.
COP & CVX are continuing to act as the poor stepchildren and as if dividend is going to be cut.
BHP got smashed today dropping over 7 percent as copper and other minerals got crushed in prices.

There is now only 4 months left in 2015 for the Boone Pickens certain move to $70 oil.
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Old 08-24-2015, 07:17 PM   #438
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There is now only 4 months left in 2015 for the Boone Pickens certain move to $70 oil.
I remember reading something like that recently. Doesn't look to promising at this point.
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Old 08-24-2015, 07:23 PM   #439
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I had budgeted about $6000 a year for diesel for our RV but today at Costco I saw it for $2.45 a gallon. I have essentially reduced our spending by $2000 a year...at a 4% SWR that is like finding $50,000.
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Old 08-24-2015, 08:26 PM   #440
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I had budgeted about $6000 a year for diesel for our RV but today at Costco I saw it for $2.45 a gallon. I have essentially reduced our spending by $2000 a year...at a 4% SWR that is like finding $50,000.
If only you could find a forward 30 year contract
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