Investments Trade Log

[rube]

Bought some RDS-A for long term dividend. (I don't post any regular purchases for the PP, only some individual stocks for long term dividend income)

[tylerrr]

Haha, yes, but I didn't wait long enough. I pulled the trigger @3pm, but should have waited closer to the bell.

check out KEG...it's near 2009 low. Big upside potential once oil turns around.

I got stopped out on KEG.....Oil still tanking hard.

I bought some FRO today.

[Chris]

Bought some RDS-A for long term dividend.

Why not RDS-B?

[rube]

Dividends of RDS-A fall into the scope of Dutch taxation. Since I live in the Netherlands, I don't believe that is a disadvantage for me.
Besides, RDS-A is currently 26.84 versus RDS-B 27.87 Euro. All in all I believe (hope so) this was the correct class for me....If you live elsewhere, and/or if you hold the shares in IRA etc. it might be better to buy RDS-B (there are various articles about this on Seeking Alpha and the net).

[WYOGO]

Finally dumped VGSLX...no longer fits with my overall investing strategy. Not easy to do since it is perfoming so well currently.

[Chad]

Along with SDRL I'm looking at some of the majors like Chevron, as they have oil fields that produce oil significantly cheaper than the shale production and businesses, like refineries, that make money outside of the price of oil.

Interesting take on oil from a major investor.

http://finance.yahoo.com/news/grantham- ... 07606.html

There are links within the article where you can find his letter, if you want to go deep.

[jennypenny]

There's a lot of pre-market action on SDRL. It's down almost another 2 points. Other oil-related names as well.

Two different traders recommended RIG to me over the weekend, which is also down this morning but not as much. Not sure what I'll do.

[jennypenny]

Well, today sucks.

I never learn, so I added to most positions today and bought some SN and BDCL. Later, I'm going to go play in traffic.

[Chad]

For obvious reasons, oil and oil related stocks have been a hot topic. Here is an interesting article on oil.

http://www.marketwatch.com/story/opec-i ... 2014-12-02

Been trying to add more CVX to my position, but just keep missing the price. I'm also trying to get back into UWTI at this point, as I would just add to my position as it drops from here...if it does. And, have an order in for SDRL to get back in.

[44deagle]

bought IBM. 7+% free cash flow yield. Next year earnings estimates fell to 16.83 after last earnings release. Even so it still trades with a PE of 9.6 next year estimates. Net income before extraordinaries has been flat last few years. EPS have still gone up though because of the buybacks. Recently they have landed some large contracts with WPP, a Ductch bank ABN Amro and Lufthansa. Going forward if they can grow cloud, security and bid data segments, the market might assign a higher PE. PE expansion along with current dividends and share buybacks should lead to a nice total return eventually.

[slimicy]

Averaged down in SDRL and PSEC this morning. Really hope I'm not chasing bad money with good, but I'm super long... not a trader.

[jennypenny]

Averaged down in SDRL and PSEC this morning. Really hope I'm not chasing bad money with good, but I'm super long... not a trader.

We'll all go down together.

My trader friend who's been spot on in the oil sector told me he put in a buy order for SDRL @ $10.85. I took it as a good sign that he didn't see it going to zero.

[Chad]

Yep, I'm planning on adding to my positions. I'm not buying for a short-term trade. Two or so years from now we will kick ourselves for not putting more money into these oil names.

[George the original one]

PSEC cut dividend and other stuff... they're scrambling, so I cut them from my portfolio.

[slimicy]

PSEC cut dividend and other stuff... they're scrambling, so I cut them from my portfolio.

Yeah, I was expecting the cut... and I was actually expecting it to be worse and for them to stop declaring the 3-months at a time, so while it's obviously negative news it was a little better than I was anticipating. My portfolio is still small, after adding this morning PSEC makes up about 9% of my non-tax advantaged portfolio, which is only 1/2 my total portfolio, so I'm taking some risks with money that won't devastate me financially if it goes to zero.

[jennypenny]

Bloomberg: Energy Insiders See ‘Fire Sale,’ Buy Most Shares Since 2012

The rout in energy stocks reminds Tim Rochford of something else he’s seen in Texas.

“What happened is almost like a herd of cattle, one cow turns left, all the cows follow it and it’s a stampede,” said the 68-year-old co-founder of Midland-based Ring Energy Inc., one of 118 industry executives who bought shares of their own companies in the last month amid the worst losses since 2008.

“This is an absolute fire sale,” he said. “It’s an overreaction and the result is it’s oversold.”

[bad_LNIP]

Kinda reminds me of 2008 and finance stocks. Most of them were getting crushed to the tune of 40% or more like oil stocks are now. Despite my wildest dreams, I don't see cars being powered by anything else anytime soon.

[Chad]

The original quote is supposed to be:

"Buy when there's blood in the streets, even if the blood is your own." - Rothschild

The same thing from a different angle:

"You pay a very high price in the stock market for a cheery consensus." - Buffett

There is definitely blood in the streets and the prices are low. Are we at a bottom? Impossible to know, but as bad_LNIP has noted:

Despite my wildest dreams, I don't see cars being powered by anything else anytime soon.

Also, there is still growth in the two biggest emerging markets (India and China). They will be adding a lot of new energy users.

[Chad]

Concerning oil, we shouldn't lose track of the real reason behind the oil crash. The Saudi's are making a preemptive strike against Iran. Any other good things happening for the Saudis because of the price decline are just icing on the cake (bankrupt a few shale producers and maintain market share). They probably figured this was their only possible moment to pull this off. Once the US economy is fully recovered (which seems to be in the near future) and Europe has a minor recovery (a little further off) the Saudi's won't be able smash Iran's economy so easily. This is also preempting any deal between Iran and the US/West on nuclear enrichment, which would give Iran more stability and make crashing the oil market a little less effective.

[Chad]

Here is a kick ass set of graphs that warm my nerd heart. They tell a not so bullish tale of oil...

http://www.bloomberg.com/graphics/2014- ... addiction/