It cut off my message, sorry - long story short, P/E is less than 10 not 12. EPS is 12. Oil is a good sector. Buy on weakness (low oil prices) in the summer. CVX, COP, BP, RDS, BP, TOT are all nice examples of the sector if you don't want to pay the market cap/stability premium for XOM. Share buybacks are better than dividends because they do the same thing, but SB are only taxed once, on sale and dividends are taxed if you DRIP and taxed again when you sell.
Relucantly,I concur. Todays build,the usual post earnings sell off,the likelyhood of 80 dollar oil in March,and the list goes on,all point to a 10 to 15 percent correction for entire oil patch,with Hess I'm afraid taking the hardest hit,followed bt XOM and probably see low 90s for CVX,
I'm going to bailout tomorrow. The heck with the 50 cent Div Date coming up next week.
We may see 75 dollar oil before memorial Day,and NG could drop lower also,given the glut.