Wednesday, August 19, 2015

New Purchase --- BBL


Today I added to my BBL position.

  • BBL: 100 shares @ $33.89 --- Yield  7.32%

Total capital invested is $3395.95. My yearly dividends should increase by $248.00 assuming BBL maintains its current dividend.

This is my only purchase so far this month. I will continue to take it easy, but will buy when something compelling comes along. WMT and CVX are at insane levels right now.

DEFY MEDIOCRITY

8 comments:

  1. Good to see you back and buying aggressively again. But continue to take it easy.
    D4s

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  2. Nicely done, MDP. Good to see you are back and investing away.

    Best
    R2R

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  3. MDP!

    Good to see you're back. Man, BBL has been on my hot stock watch for a while now. Nice move.

    - Gremlin

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  4. Good buy! I would be surprised if oil falls further.

    Regards
    Dividend Freedom

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  5. Nice buy MDP. We added to our position a couple bucks ago, and will do so again soon. Whether BBL cuts the dividend or not, they have a strong financial position and are a low cost operator. I see the current strategy being akin to the Saudi's maintaining production to squeeze competition and gain marketshare. We initiated on Walmart yesterday, since you mentioned WMT. I suspect there are good times ahead for investors with dry powder!
    -Bryan

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  6. I own BBL and many oil major. I've been adding to CVX and XOM but man it feels like catching a falling knife! I'm taking a break for now until I see signs of reversal or started seeing news about oil companies going bankrupt.

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  7. We also purchased a few more shares of BBL lately. Although no guarantees but its hard to look away when the yield above 7%. We are buying huge lots because of our 100 free trades a year but will continue to buy high quality oil stocks if they continue to fall further. You know what Buffet says - Be Greedy when others are fearful. :) AFFJ

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  8. Mdp thanks a lot for being back! I hope everything settled at least a bit and the clouds and the fog is gone! You are such an inspiration for me and probably others reading your blog. I wish you all the best and every success necessary to reach your goals.

    Cheers
    Lars

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