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WPX Energy, Inc. Message Board

  • arbitrage_hedgie arbitrage_hedgie May 16, 2013 8:27 PM Flag

    New position in WPX

    Hello all,

    New to WPX as I've taken an initial position at 18.31. See tremendous value in this stock given the current share price. Anyone been here since the spin-off from WMB?

    Impressive balance sheet compared to industry peers. Buying stock at 70% of BV provides nice margin of safety.

    Arb

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Real investors buy and hold for decades. I have done that with WMB and hold the WPX spinoff and it will be in my estate when I die. I just love compounding dividends!

      Sentiment: Strong Buy

      • 2 Replies to wftglo
      • That type of real investor more often than not leaves a fat portfolio for their heirs.
        If they're lucky.
        And if they're not? They're likely beyond caring anyway.

      • WPX pays no dividends; are you trying to see if anyone here is awake? Arbitrage_hedgie, I have had this equity since 03/29/2012. It was a misguided Barrons' recommendation then (at $17.53), and dived down to 14 several times, I bought more on some weakness and also made a little selling puts. The last few weeks have seen an up tic, especially today. Patience might eventually be rewarded, maybe you will realize a quicker payoff (p.s. I sold covered calls at 20 some time ago (Jan 18 2014 strike date) to pick up that "dividend" mentioned by wftglo).

 
WPX
11.11+0.43(+4.03%)Mar 4 4:04 PMEST

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