At the start of the year with EV on everyone's lips I wanted to be contrarian. What is the sector that is MOST HATED in the market? Energy... specifically "dirty" energy.
XOM
at the very start of the year was trading below Book Value. Through all of these price shocks to oil and a bearish energy market they have not ceased or cut their dividends. Even now at this price it still offers an above 7% yield. Unfortunately, I hesitated as now this week the bullish case seems to be known by all with new analyst upgrades coming out. I hate to do it but I started my long term position today. I'll add to my full allocation on (hopefully) pullbacks but sometimes you just have to buy the highs to get in.
XOM
at the very start of the year was trading below Book Value. Through all of these price shocks to oil and a bearish energy market they have not ceased or cut their dividends. Even now at this price it still offers an above 7% yield. Unfortunately, I hesitated as now this week the bullish case seems to be known by all with new analyst upgrades coming out. I hate to do it but I started my long term position today. I'll add to my full allocation on (hopefully) pullbacks but sometimes you just have to buy the highs to get in.
Trade active:
Added more to position on this pullback.
Comment:
Added more in Related Idea
"Be to others the person you needed to meet 10 years ago"
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Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: www.youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
