jamookey

Three Reasons to Own Oil E&P Stocks

KyBEC I have owned PSEC for about 2.5 years.I have about 1k shares at an average price of 9.$.Most of their holding are in the energy sector.Unlike other BDS companies their income should be more reliable since energy is still doing faily well even in this down turn.That was what attracted me to this stock.And they have not disappointed me.I own 5 different MLP's.I'm in it strickly for the dividends as a supplement to my retirement income.The management has been buying agressively,so it might be an indication of confidence in their business model.I hope this helps a little,good luck,MOOK

Three Reasons to Own Oil E&P Stocks

The author's article was on point until he began his Obama tirade.I would remind him that Bush jr. began this mess Jr. began bailing out companies in his last year.Jr. had ruined the dollar within two years of being elected in '00.I remember treasury sec.Snow being grilled on the dollar's decline constantly repeating"...the president believes in a strong U.S. dollar.."yet he knew he was making a fool of himself.If anyone is to blame,let's put it on the the right jackass.Without the useless war in Iraq we would not have seen oil climb to record highs.But I suppose that was Obama's fault also.If the author doesn't like the way the country is being run,he can always move.