Replies to post #39673 on A.I.M. Users Bulletin Board (AIMUSERS)

[jaiml]

Hi Alton, re COP and others

Big guys like XOM, CVX and COP are still making new lows ...

It is interesting that at 60$/share, COP is where it was 10 years ago. But what worries me is that, in-spite of the recent drop, the 20-yr return is still at 11.52%. With a drop of this magnitude in the sector, I would have expected that the 20-yr return would've normalized to 8-9% or even less. Perhaps we should expect lower prices ... I am keeping lots of powder dry and not executing immediately.

And ya, I am being very patient with EGY but at some point, I may decide to tak the loss and replace it with a winner in the same sector. PDCE is well hedged and looks like a great stock to AIM.

[jaiml]

Hi Alton, re: COP

did you end up buying COP?

I don't know what the 'tell' is for the energy sector, but as long as XOM keeps making new lows, I think I will be cautious.

I am only interested in PDCE at this point. They are well hedged until 2017, at which time I am hoping oil will have have recovered to 70$ plus.