What Did You Buy Today?

[fenders53]

(01-03-2020, 06:01 PM)kblake Wrote: What I don't get is why do people continue to invest in a dead stock like XOM? I get the dividend but that's not nearly enough to justify me buying it.  The stock has done nothing for many years. It even under performs when oil goes up LOL

History
2014 - 5.98%
2015 -12.57%
2016 - +19.62
2017 - 3.94
2018 - 14.61
2019 - +6.36%

The only reason why the stock was positive in 2016 and 2019 was because of the dividend.

I'm just trying to figure out why people continue to buy that name when there are better names out there, even in the oil sector.

Anyway added some names and bought some new ones

Added to STOR, MO, ABBV, and TXN
New positions in MPC and PSX

While I don't own XOM anymore, IMO the answer is the Armageddon balance sheet, the past performance of long ago, and the dream it may happen again.  There are at least three or four super majors I find more attractive today.  If 2014 returns due to oversupply, which is very possible.  XOM should be one of the few that doesn't get crushed.  My biggest problem with it now is if it runs $10 the risk reward goes away, because they just can't execute anymore.  Like you said oil prices are decent and the SP is still about even this year.  There are other majors in the same situation though.  They are just very out of favor.