I'm getting crushed in Helmrich & Payne - a dividend champion. When I bought it, I knew that a hit in the price of oil would adversely affect the stock price, but in hindsight I had no idea the extent.
Looking back at historical prices of oil, it looks to me that the average price from around 1986 to about 2003 is about $35, and it looks like it's headed there again. If I look at HP's stock price at around 2003, I see that it was anywhere between $10-$13/share on a split-adjusted basis. Holy cow.
Someone hold me.
Looking back at historical prices of oil, it looks to me that the average price from around 1986 to about 2003 is about $35, and it looks like it's headed there again. If I look at HP's stock price at around 2003, I see that it was anywhere between $10-$13/share on a split-adjusted basis. Holy cow.
Someone hold me.