I’m reporting my automatic purchases for this week:
$450 of BBL
$350 of COP
I used $800 in new capital and added $38.1/year to my dividend income. This is an average yield of 4.8%.
I also purchased another 100 shares of ESV at $33.56/share.
With oil prices remaining low for an extended period of time, I acknowledge that ESV is a speculative play. I do believe they will recover but it could be a couple of years. I’m confident they will hold the dividend for 2-3 quarters but I’ll be watching what happens with the new contracts they get on some rigs that are coming available over the next 6 months.
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 keep thinking that these low fuel price have to be helping BBL.
Energy companies are hard to pass up. COP is a little lower weight than some of my other energy positions so I’ll be adding here and there.
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.
This is another brewery I visited in Portland called Fat Heads. I thought the taps were really cool and their beer was actually very good!