(01-08-2015, 05:15 AM)booze007 Wrote: i am really new to dividend investing , i been trading forex all along .
i have 10000 to invest and want to cash in on the cheap oil , please put forward your suggestions
EVEP
CVX
LINE
BP
XOM
SDRL(may be )
EVEP will likely be cutting its dividend as the current 17% yield is unsustainable.
CVX is a great company and one that I own personally. Of the stocks on the list this would be my first choice.
LINE recently cut the dividend and has a high debt load. I would avoid this stock.
BP is one I own but am not terrible comfortable with. They are still dealing with litigation from the Gulf oil spill and I think will be hurt by the sanctions on Russia.
XOM would be my second favorite on this list behind Chevron. Financial rock but provides a lower yield and slower growth than Chevron.
SDRL recently suspended its dividend and has very high debt. I would avoid this stock.
Some other stocks to consider that I own would be Occidental Petroleum (OXY), Kinder Morgan (KMI), Conoco Philips (COP), Helmerich & Payne (HP), and if you are looking for higher growth EOG Resources (EOG).