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To: berdie

>> Myself, I wish I had some extra cash lying around to buy oil production stocks.

Ditto. There’s definitely bargains out there...

For example CAT & XOM both are trading in the 70’s after Thursday and Friday... both were already down from the oil price decline.

Each of them throws off a healthy dividend, currently 4+%.

Both companies will be around for a long time to come, I’m betting.


43 posted on 08/23/2015 7:34:01 PM PDT by Nervous Tick (There is no "allah" but satan, and mohammed was his demon-possessed tool.)
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To: Nervous Tick

You’ll most likely see XOM in particular trade down at least another 10-15% by year end. Oil is a catastrophe, and happening this time of year, these cos IMHO are simply going to be sold down into year end as tax harvesting sardines. Maybe not so much CAT; even though I watch CAT I am not tuned into it right now but DE, its sector compadre, got fricase’ed the other day, -7 points.

One could nibble on these things in this turmoil but it is not safe to put meaningful money to work *quite* yet.

My .02


68 posted on 08/23/2015 9:37:57 PM PDT by Attention Surplus Disorder (This space for rent.)
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