Energy has been HOT for the last few months. Wasn't oil at $30 a barrel just a few months ago? It's now in the low $60s. Which explains the nice gains in my energy stocks especially BEXP, APC and SLB. I've also enjoyed watching NAT climb its way back to the mid $30's while paying me a nice 10% dividend to wait it out. The dividends it has paid has more than made up for my initial capital loss. I've also noticed more buying of HGT which pays out a divided every month. They are a royalty trust for XTO ( which is also doing well ) so the interest buying going on makes me think people are getting a little more confident in the sector and anticipating higher dividends from HGT soon.
AUY has done great since my last purchase when it dipped to $7.50/share. Gold has gone up nicely and I expect it to go up even more from here. I'm also contributing to my metals fund USAGX on days gold is down. My husband bought a 50g Suisse bar on his trip to Dubai. I'm thinking physical gold is a pretty good thing to have on hand too.
Then there's MCD. They got a nice upgrade last week with a new target price of $65/share. This is another stock I've held on to and enjoyed the $2.00/share annual dividend payout just to wait it out.
Thursday, May 28, 2009
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