Tuesday, May 26, 2015

Adding OHI, Starting a Position in XOM

After selling COP on an up day last week, I used some of the proceeds to add to OHI (existing position), and started a 1/3 position in XOM today, which is down 1.5%.  Limit for XOM was filled at $85.21....I happy with the trade from COP to XOM, and adding OHI helped offset the lower yield at XOM vs. COP.

I also added a little to my UTX position on big down day.....


Thursday, May 21, 2015

Selling COP

COP is up today over 1%, I'm selling it.  Since purchase a few years ago, I'm up around 12.5% on the investment, but it's time to move the money elsewhere.  It looks as though they will be freezing the dividend for several years, and growth prospects are pretty poor.

I'm thinking of redeploying the proceeds to try to get the 4.5% dividend income elsewhere. Candidates today are OHI, DLR, CVX, and XOM.  Of these, only XOM would be a new name in the portfolio.

Good article on SA today from Tim McAleenan Jr. was the catalyst for my decision.


In energy, I still own HAL, KMI, BBL, CVX.

Maybe combining more REIT dividends with the lower dividend from XOM (3.4%) will be a good trade....still considering options.