Author Topic: What to do with Oil/Gas Stock?  (Read 26293 times)

therethere

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Re: What to do with Oil/Gas Stock?
« Reply #100 on: May 02, 2016, 10:04:04 AM »
something such as this?

http://finance.yahoo.com/echarts?s=XOM+Interactive#{"range":"5y","allowChartStacking":true}

Perfect! This was just what I was looking for. Thank you!

Drifterrider

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Re: What to do with Oil/Gas Stock?
« Reply #101 on: May 02, 2016, 10:46:20 AM »
Reading through this post, the number of people insisting that oil would come roaring back reminded me of all the people in the early 2000s insisting that buying a house was a no-brainer because "real estate prices always go up". Not that this is the same scenario, but I do feel a strong herd mentality forming.

I bought some KMI when it was $42, based largely on the dividend. Flash forward less than a year and it is trading around $15 and has cut its dividend forecast. I am in a somewhat similar position to the OP, left wondering if I should cut my losses and accept my "education" or hold onto it, with the risk of an even further fall. It's in a 401K so no tax-loss harvesting.

If you bought a house in the early 2000's you would be doing pretty good.  Its the people who bought post 2005 that got burned.

That really depends.  If they bought it and tried to resell, probably.  If they bought it and still live in it, it is still their home.  (I didn't buy until post crash but if I had held off another six months, who knows). 

On the plus side, if the house value has dropped enough maybe those 2005 buyers have managed to lower their property taxes.