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What Did You Buy Today?
(11-30-2018, 10:04 AM)divmenow Wrote: SLB still in free fall mode. Can't believe this stock is at $44 now. No position yet but thinking of buying at these levels. Yield now at 4.16%. Any of you guys own it, or thinking of buying?

I would if I wasn't in oil deep enough already.  I like the oil majors better but SLB is the best oil services company.  For now the market has lost faith oil supply can be kept under control for an extended period of time.  It's a fact the world has too much production capability whenever the price rises much above where we are now.
(11-30-2018, 10:04 AM)divmenow Wrote: SLB still in free fall mode. Can't believe this stock is at $44 now. No position yet but thinking of buying at these levels. Yield now at 4.16%. Any of you guys own it, or thinking of buying?

I don't own, and haven't really considered it, but I agree that it looks interesting. It's never cut the dividend, and with an AA- credit rating and reasonable debt load I'd think that the dividend is safe, although likely not growing anytime soon.
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Took 2 new positions today.

DGX and PACW. Both fit my model and were too cheap to ignore at these levels.
(11-30-2018, 10:04 AM)divmenow Wrote: SLB still in free fall mode. Can't believe this stock is at $44 now. No position yet but thinking of buying at these levels. Yield now at 4.16%. Any of you guys own it, or thinking of buying?


I have my eyes on SLB and BHGE
From a CFRA stock report.

Our risk assessment reflects the company's exposure to
volatile crude oil and natural gas prices; its dependence
on capital spending decisions by its oil and gas producing
customers; and political risk associated with operating in
frontier regions around the world. This is offset by the
company's leading industry position.

I interpret that to mean it's all about oil prices and some of their customers remember they almost went out of business in 2014 when they over did the leverage. The oil biz is all about proper use of leverage at the right time. SLB has only been this cheap for a few months since 2005. Somebody is going to make some money if oil prices are higher in 2019. A small position is tempting. Can't help but wonder if the next earnings report is going to be bad. The rest of the major oil stocks are not in a free fall like SLB.
Bought GSK today and sold KSS.
MO in talks to possibly purchase CRON. It seems obvious they are going to enter cannabis at some point.
Added GSK
Added some SIEGY
Added to VZ today and took a new position in GSK. Sold out of MCHP after a 15 point run.
Opened up a new position in EV before the bell. Will continue to add if it falls further.
Just heard an analyst on CNBC raise questions if SLBs dividend is in danger of being reduced. That deserves much research if anybody is serious about investing in SLB soon. It's likely very oil price dependent.




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