In a previous post I pointed out XOM's three white soldiers formation, and I believe this is a sufficient retrace.
WIth CPI showing signs of accelerating, I think this dip in XOM is a gift here. I'm now up to 300 shares and will hold and collect dividends for as long as I can. Let's see how long this "temporary Not QE" will last.
There IS A RISK of failure related to shale oil malinvestments. In that case, other tickers like CNQ and VLO might be better to swing for energy exposure. I will watch those and if we get a dip I may rebalance.
WIth CPI showing signs of accelerating, I think this dip in XOM is a gift here. I'm now up to 300 shares and will hold and collect dividends for as long as I can. Let's see how long this "temporary Not QE" will last.
There IS A RISK of failure related to shale oil malinvestments. In that case, other tickers like CNQ and VLO might be better to swing for energy exposure. I will watch those and if we get a dip I may rebalance.