01-30-2022, 10:14 AM
(01-30-2022, 10:00 AM)fenders53 Wrote: I know I am the only one commenting on this thread and I hope that's OK. I like your strategy because you have rules, but they are not inflexible. Your point on investment board chatter is accurate. A ticker is popular when the sun is shining, then not so much when the price dips. EOG will be one of those examples. It will be a strong buy until it isn't. A historical chart demonstrates you will get burned on the sector if you buy the top and hold. EOG is doing about the same thing they have for a decade. The cherry picked 7yr return is nothing. Extremely negative just a few months ago. There was one helluva lot of opportunity cost holding it while SA oil bulls pounded the oil table for years. I stopped reading their sector biased foolishness long ago. It's my best stock this quarter but I won't ride it back down when that time comes.
Follow the weekly rig count. It is positive, until it is not. It was up 59% year over year last week (up 6 for the week, to 610). I do not read many articles on SA, and have not for awhile. They need higher quality writers and editors.