I've been following PSX for a little while. I have a bit of COP (that is underwater). Want to diversify my oil stocks a bit. Looking for opinions as to whether this looks like a good place to begin a DRIP program considering it has fallen from 94 to about 77. Or would you feel there are much lower levels ahead to begin a direct stock purchase plan.
Good question. I started a small position as oil was falling last year in COP. Apparently, I was too early. I only have about 15 shares in the DRIP. I guess it depends what you consider a small position. So, starting here, you would obviously be ahead of me.
I researched a little on the difference between non-sponsored ADR and sponsored ADRs. Why would the non-sponsored status of NSRGY possibly scare away investors? And does Nestle offer a sponsored ADR in the US?
I've been considering buying Nestle. I've never owned it and looked into the direct purchase program. I'm interested in it as a long term holding. Just not sure what a good entry point might be. I looked into their DRIP, but it seems I'd have to own shares and then transfer them once a holder of record to make small purchases.