What I Am Buying Today.

[Mr1share]

(08-03-2022, 10:52 AM)fenders53 Wrote:

(08-03-2022, 10:38 AM)Mr1share Wrote: Added DVN, TGT and CB as well

I still think oil heads to $125 and is still the best growth in the market. Market is way over bought now.  Oil is not....

DVN just raised it's dividend to $1.55. This is easily an $80+ stock

Trimmed some PEP and DUK

Eventually yes.  I am too fat oil and looking for an exit.  They can't draw from the SPR forever.  By end of year reality will set in that 2023 is going to look similar at the pump. Could be an oil dip in the meantime.  Hey we all need a thesis and that is mine. $125 oil isn't happening in 2022.

Doesn't matter when it happens. But it will.  

Market rally in other sectors wont last. Just a rotation going on and the shorts will come in and knock it down hard. Nothing to justify these moves and pumps. 

OIL is being hit today but a short attack. However the smart investors are buying today. As much as oil has run its still way undervalued compares to other way over valued sectors. Even at $80 a barrel those companies are making a killing. 

I see no other areas to invest in at the moment. SMG looks cheap but its a value trap as is SWK