I live in Oklahoma and work in the oilfield so naturally i am investing in what i know. Things have become really optimistic as of late and i believe right now is a good time to jump in. Some stocks I currently own: XEC, NFX, CHK.
XEC: I have worked on Cimarex operations off and on for about 8 years. This company really has their stuff together and has always struck me as a company that will last. I bought in at $98 (current price is around $95) but i don't see it staying down for long. I know they went over budget last year but have recently trimmed the fat, dropping its most underperforming drilling rig. I am going to sit tight for now and if the stock drops below $90 i will buy much more.
NWF: MY experience with Newfield is limited but like XEC when i worked with them they seemed to be making the right calls. I'm not going into details about drilling practices but IMO they were doing things other companies weren't and still aren't that sped up operations. Also looking at their 5 yr chart they seem to bottom out in the mid/high $20s then jump to high $30s-40s then repeat.
CHK: Yea i'll be honest that this was more of a WSB style YOLO than anything else lol. It has been a turd since i purchased months ago but has been taking off this last week and i am in the green finally. Exit strategy is "to the moon".
Which oilfield stocks are you investing in?
Submitted May 24, 2018 at 09:19AM by zghorner https://ift.tt/2IKMfAD
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