08-17-2013, 02:39 PM
I only have 50 shares of PSX, which I got in the spin-off. I have no idea whether I would have bought them if not for the spin-off, but for all of the reasons you both have listed, I'm going to hang on to those shares. I am hopeful that we'll see some pretty hefty dividend raises going forward. The oil / energy sector is often going to be more of a roller-coaster ride than some other sectors, but can be worth it.
For what it is worth, although COP and PSX are separated in my spreadsheets, I often "mentally account" for them as still one unit, as it was when I first bought. In other words, to gauge how my initial COP investment is doing, I lump my COP and PSX together, informally. From that perspective, it was a darned good buy!
For what it is worth, although COP and PSX are separated in my spreadsheets, I often "mentally account" for them as still one unit, as it was when I first bought. In other words, to gauge how my initial COP investment is doing, I lump my COP and PSX together, informally. From that perspective, it was a darned good buy!