I finally unloaded my large,10-year stash of PBR a couple of years ago at $20 after buying around $5, watching it go to $70, then ignoring the political realities and stupidly riding it down and down and down. I haven't replaced it yet but HES has been my leading candidate.
If I remember correctly, it was somewhere in the mid-$40's when I sold PBR and in a bit of a downward trend. Sometimes I get too hung up on price and ignore value (a lifelong bad habit!) and I had the notion that it was going to $25. Wrong.
So once again I've got it in my stubborn head that HES is going to $75, where I'd buy. I'll look at it more closely this week.
PS: On Zipjet's strong rec, last month I took a good-sized position in EXXI at around $6.40.
All that is needed to make a happy life is within yourself, in your way of thinking. -Marcus Aurelius
