I’m reporting my automatic purchases for this past week:
$350 of BBL
$350 of CVX
$100 of BP
I used $800 in new capital and added $40.00/year to my dividend income. This is an average yield of about 5.0%.
These are the exact same purchases and amounts as last week. I was going to change it up but I didn’t have my new order in on time. On holiday weeks, I sometimes have to have my orders in on Friday instead of Monday for the Tuesday purchases to go through on ShareBuilder.
BBL continues to be on my buying list. How low can it go? S&P capital IQ gives them a 4/5 stars with a 52-week target price of $59. 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. It will be interesting to see how everything pans out after the de-merger that’s coming up soon.
Energy companies continue to take a beating. They did have a nice little pop from the lows but are still attractively valued in my opinion.
I hope everyone has a Merry Christmas!
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 a shot of some of the beers I sampled at Rogue Brewing.