Somebody was able to buy at 19.95 today. How did this person manage that? Do you have to watch the S&P futures and put in "ridiculously" low pre-orders? I have Pepsi (PEP) and a trade went by at 76.48; it's back to the low 90s now. Just how early do you have to get up to catch these deals?
I bailed on COP and HES a couple of months ago after slow drip of declining price. My mistake was not believing Barrons two years ago when the front cover declared oil prices would fall to $65-70.
Don't worry, I sold all of the MRO in one of my IRAs so expect a takeover bid at $40 shortly.
Sold half my shares which means that a huge takeover bid will likely happen shortly :-)
I look at the USA vs SA oil situation as follows: While the USA has an great income statement at the moment, SA has the much stronger balance sheet.
Have not sold a single share of MO or PMI since I purchased the original stake in '97. Reinvested dividends since then, become a huge part of corp 401k account. Employees like me.
Not much different from refinancing real estate: pay off higher note by getting lower rate for more years. The key is to survive the downturn.