RE:RE:SargeHey sarge you and i must have followed the same road early on as i am very leary also of buying O&G but being very careful and doing a lot of DD this may be a good time to dip into O&G again. Right now ALA is the only name i hold in that sector because i work for them and have held it since 2004. Caution and patience are needed here for that sector.
I have been in and out of VET everytime losing. If or when they do cut the div that may be the right time again who knows. They keep saying they wont cut but so did ALA and boom 56% cut. That is when i did a lot of buying in the low teens to reduce our ACB.
Again investment goal is key.