(11-23-2018, 12:09 PM)vbin Wrote: I added XOM too. Anyone looking at BHGE or SLB?
SLB looks cheap but I'm in too deep on oil already and have to stop. The speed of this oil price crash is just crazy. My first investment in oil would be a major for sure. I own CVX for the upside potential and DIV, BP for the crazy good DIV. Nothing at all wrong with XOM but I don't own it at the moment. You won't wake up next month and any of these lost half their value. Just be careful of the small players. They look so good but they are lotto tickets and crash hard if oil stays cheap for 6 months. No matter what you do in oil don't be greedy if you get lucky and get a quick profit. It's seemingly never too late to get back in later when they go on sale. Oil is nothing like most of my holdings. This isn't 1980 and you'll be sorry if you pretend any oil stock is JNJ.
Today I sold puts in AEP, D, SO and ED. My old ones expired again this month. I'll jump in straight up long if utilities will pull back some. Not sure it happens soon so just collecting premiums.
Open for other utility suggestions but I am limiting it to a good current yield (over 3%), and some growth prospects. Those always seem to turn out far better a few years later.