BP, COP, CVX, XOM and others

[crimsonghost747]

Things are looking horrible for oil at the moment. I did look into buying some of these bigger names in February/March but decided that it wasn't time yet. And I still think it's not the time to buy, I didn't anticipate oil prices going this low and it's not sustainable forever... the price will bounce back at some point but probably won't reach the high levels it was before and to be honest the EPS growth for most of the oil companies is looking grim at the moment.

I do have a small position in PBT and a tiny bit of USO. USO will be sold sometime in 2016, PBT is a buy & hold forever kind of thing.