VBIN's oil stock thread.

[fenders53]

I haven't owned much XOM over the years. I always made similar mistakes though. Oil drops for a year and I'd start averaging in. A few years later the company is BK or just struggles for a decade. DO, RIG and SDRL were the worst. KMI still down about 75%. Gave up on anything buy majors. XOM BP and RDS wasn't rewarding the past three years. I have made money on a few oil stocks but I'll never invest enough to ever get even. I can't really think of any commodity I am confident will match the SPY over time. They are tricky.