Oil's rebound is even more troublesome. I expected much more that what we're seeing after such a steep and sudden decline. The storm isn't over yet. My 22's bottom call for SDRL may be a little overly conservative. If and when they do cut the divi, this could be a great investment after the dust settles. Be careful out there.
New Honda CRV's are still good values at $27,000 for a loaded 4 wheel drive that will last 20 to 30 years. I'm on year number 13 and ours hasn't had any problems what so ever and still looks and drives like new at 120,000 miles on the clock. Knock on wood.
Actually, SDRL is showing great relative strength. The rest of the market is tanking and SDRL is up, not down. This thing may be getting ready to pop when the market ralies, if it ever does.
Every dog has it's day. POTwill pop up again. In the meantime, the dividend looks stable. You can always average down. At least it isn't an energy company. No matter what, people have to eat.
I must say the CEO has an excellent grasp of the obvious. Of course oil is going to get more expensive long term. And long term, we will all be dead.
I got lucky and sold in the 29's in my taxable account before I lost all my profit. Still holding 500+ shares of LNCO in my 401k though. Ouch!
Good information. Oil may stay above $70. Bottom for SDRL is probably a few dollars away. Keep your powder dry.