tag:blogger.com,1999:blog-6587699706949333863.post7345307782994619214..comments2024-03-27T23:39:33.499-05:00Comments on Passive Income Pursuit: Recent BuyPassive Income Pursuithttp://www.blogger.com/profile/13947101854482544346noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-6587699706949333863.post-20350172615292463662013-06-03T16:46:04.311-05:002013-06-03T16:46:04.311-05:00Pursuing Financial Freedom,
I believe CVX will c...Pursuing Financial Freedom, <br /><br />I believe CVX will continue to be a consistent winner for years and decades to come. I don't see America or the world's addiction to oil ending anytime soon. I'm a little more bullish on XOM than CVX because I think natural gas will begin to replace more of our energy needs and XOM is in a great position to capitalize on that. I've just never purchased any XOM because the starting yield is much lower than some of the other majors, heck it's about 0.50% lower than CVX's currently and CVX typically grows the dividend at a higher rate while XOM spends much more on buybacks. I don't think an investor will look back in 10 years wishing that hadn't bought either company, probably just wishing they had bought more.<br /><br />Thanks for stopping by!Passive Income Pursuithttps://www.blogger.com/profile/13947101854482544346noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-57800395728897212762013-06-02T19:35:04.795-05:002013-06-02T19:35:04.795-05:00Great Buy! According to my calculations, as well a...Great Buy! According to my calculations, as well as David Fishs CCC list, CVX is trading below its Grahm number. It has a PE ratio under 10, with very nice 30 +years of dividend increases and solid dividend growth. This is one of the few stocks that are undervalued in my opinion. I would feel comfortable buying CVX up to $130, with it's EPS performance and yield. Also, XOM is fairly valued, as you mentioned. Good time to grab both with confidence.Pursuing Financial Freedomnoreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-2247357366931165162013-06-01T19:25:06.697-05:002013-06-01T19:25:06.697-05:00DGM,
I'd still like to own some more CVX but...DGM, <br /><br />I'd still like to own some more CVX but the next purchase won't come unless we get back below $120 at the minimum, probably closer to $116. Although the action to end the month yesterday might bring those levels sooner than later.<br /><br />Thanks for stopping by!Passive Income Pursuithttps://www.blogger.com/profile/13947101854482544346noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-6946962082726722062013-06-01T19:23:59.130-05:002013-06-01T19:23:59.130-05:00MyFIJ,
I recently sold a put on O and would want...MyFIJ, <br /><br />I recently sold a put on O and would want the price to come down to around the $42-43 before I'd start buying. CVX is a great company and while I don't think either of our purchase prices are the best, I also don't think it'll matter that much when the holding period is 20+ years. It'll just give us a chance to average down our cost basis which I'm always a fan of. <br /><br />Thanks for stopping by!Passive Income Pursuithttps://www.blogger.com/profile/13947101854482544346noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-31460991638040928622013-06-01T19:21:27.786-05:002013-06-01T19:21:27.786-05:00DM,
I think XOM is at a better valuation current...DM, <br /><br />I think XOM is at a better valuation currently but the starting yield just isn't there. It's one of those where I'll probably just have to bite the bullet and make the purchase of XOM even though the yield isn't as high as I'd like. <br /><br />Thanks for stopping by! Passive Income Pursuithttps://www.blogger.com/profile/13947101854482544346noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-8887794458327774372013-06-01T19:19:36.426-05:002013-06-01T19:19:36.426-05:00Gareth,
I agree that Chevron isn't exactly a...Gareth, <br /><br />I agree that Chevron isn't exactly at the best valuation right now but I wanted to go on and start my position. I've missed out on it several times already and wanted to get a start on my position. I'll be looking forward to it pulling back further so I can average down my cost basis. In the meantime, thanks for being a loyal customer.<br /><br />Thanks for stopping by!Passive Income Pursuithttps://www.blogger.com/profile/13947101854482544346noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-64138344471596882542013-06-01T17:39:30.092-05:002013-06-01T17:39:30.092-05:00Nice purchase -- I would like to own more CVX myse...Nice purchase -- I would like to own more CVX myself. :)Dividend Growth Machinehttps://www.blogger.com/profile/13304571550687216360noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-57259271741930143112013-06-01T17:12:18.190-05:002013-06-01T17:12:18.190-05:00We're on the same wavelength. I just picked u...We're on the same wavelength. I just picked up some CVX for $125 (I still need to write up my buy). I'm eying O for next month if it keeps dropping like it is.My Financial Independence Journeyhttp://www.myfijourney.comnoreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-54219088010354400852013-06-01T15:44:53.644-05:002013-06-01T15:44:53.644-05:00Pursuit,
Nice buy! I've got CVX and XOM on my...Pursuit,<br /><br />Nice buy! I've got CVX and XOM on my watch list right now. Both are great companies with long standing track records of huge profitability and returning a lot of cash to shareholders via buybacks and dividends. Great stuff!<br /><br />Best wishes.Dividend Mantrahttp://www.dividendmantra.comnoreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-69467869008538785902013-06-01T13:24:30.625-05:002013-06-01T13:24:30.625-05:00Nice purchase. I have Chevron on my watch list but...Nice purchase. I have Chevron on my watch list but it is a pricey stock and with my low funds I'm not in a position to buy yet. But I will own it one day. It's the only place I go to get my gas.Gareth @ Investment Road to Freedomhttp://investmentroadtofreedom.com/noreply@blogger.com