I’m reporting my automatic purchases for this past week:
$350 of BBL
$350 of CVX
$100 of BP
I also have 200 shares of BBVA assigned that is mentioned on my options page.
I used $800 in new capital and added $40.00/year to my dividend income. This is an average yield of 5.0%.
BBL continues to be on my buying list. How low can it go? Morningstar gives BBL a 5 start rating! I’ll keep slowly averaging down until it’s a full position for me. BBL has endured a lot of weakness since announcing a de-merger where they are going to split up some of their assets into another company. I also believe a lot of weakness has to do with oil prices. BBL was heavily investing into North American shale plays and about 40% of their revenues come from China per their annual report.
Energy companies had a wild ride last week, ESV was up 10% in a day. I’m not sure if they have bottomed out but it looks like last week was a great opportunity if you picked up shares of energy companies. I added a little to BP and CVX.
Just for some fun and to add some color I will be posting pictures of places I’ve been to. It’s also motivation to reach FI so I can travel and do what I want to when I want to.
Continuing the Portland series; This is another brewery I visisted. They actually have several of their beers here in Texas so I was already familiar with them.