(04-12-2019, 03:49 PM)vbin Wrote: I want to add more XOM or start position in CVX but I still don't find CVX a bargain.
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They are only a "bargain" when there is blood in the street. CVX and XOM are not bleeding now. Oil prices are way too low and weak players are going BK is when you buy, and nobody is interested. They are horrible DGI stocks if you insist on holding full positions for decades. I definitely buy them, but if I don't pull some profit off the top when oil is too high I am just fooling myself. Learned that lesson way too many times the past 30 years. You'd be better off buying a near zero growth aristocrat if you are buy and hold forever investor. All you are buying is a secure div (only if a major) and you can get that elsewhere with a far better chance of lasting cap appreciation. I like and own CVX, BP etc. but you could wait 20 years for a double from here. A decent bond or mediocre consumer staple stock will approach or beat that with much less risk.