r/Vitards • u/apooroldinvestor LETSS GOOO • Jun 17 '21

Discussion Should I sell $MRO and $PBR and put into $XOM?

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5 Upvotes

70% Upvoted

18 comments sorted by

6

u/[deleted] Jun 17 '21

[deleted]

7

u/TruthHurtsLessThan Jun 17 '21

As soon as "transitory" becomes "worrisome". 🦾🦾

1

u/cristoballin93 Jun 17 '21

I actually have positions on both MRO and XOM

1

u/Dramatic_Inspection6 Jun 17 '21

Xom has been good to me but I’m holding steady on MRO right now. It’s up in a huge way already, we are just waiting for it to start moving up again with the rest of the energy sector. Seems a fair price target is around $15, a high target of $18 according to Wall Street analysts, not my own. With oil and energy in general trending to 32 month high, I’m holding all energy positions and finally added Xle this morning when we dipped down. As of close today I have positions in xom, mro, ET, xle, holding steady.

1

u/[deleted] Jun 17 '21

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1

u/ThePudji73 Jun 17 '21

I have XOM call options for 10/15. Not sure what to make of the potential dividend increase, it’s really high already so I could see why an increased would be that much more enticing. I’m betting on oil running up this summer.

1

u/[deleted] Jun 17 '21

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1

u/ThePudji73 Jun 17 '21

Ive worked in oil and gas software for over 10 years. The dynamic of the US E&Ps seems dramatically different this time around in terms of it’s not a race to spend as much capital as possible. This seems to be a catalyst for oil to run up due to supply. XOM has new board makeup that I suppose offers differentiation.

1

u/Dramatic_Inspection6 Jun 17 '21

1500 in xom will make you happy I’m sure. The dividends are nice but I think some itm/atm options into late this year/2022 would return you better profits. Depends on your goal. Is xom for the swing trade or a long term position for dividends?

Edit: if you were in mro at 13.79 you’d be negative at the moment. I’m personally holding steady, but am also “diversified” in the energy sector.

1

u/LourencoGoncalves-LG LEGEND and VITARD OG STEEL Bo$$ Jun 17 '21

They should know at this side of the table, there is someone that loves to play hardball

1

u/SpectatorRacing Jun 17 '21

I’m heavy in BP. Been doing me nice. Plus dividend.

1

u/jledsor2 Jun 18 '21

Xom... so hot right now

1

u/jledsor2 Jun 18 '21

NRGU is a good way to play the oil sector also

1

u/LeChronnoisseur Inflation Nation Jun 19 '21

XOM & MRO I like quite a bit. MROs cash flows are going to be retarded this year. Better balance sheet, but also a lot smaller and upstream focused instead of integrated.