Over at High-Yield Investing, it’s one of the biggest winners we’ve had in years. And now, it’s time to take some profits off of the table. Not because I’m bearish on the company, necessarily… But in this market, with uncertainty and volatility are both high, I don’t want to see our profits evaporate. Let me explain… If you’ve been following along for a while, then you know I’ve been bullish on the oil & gas sector dating back to the onset of the Covid pandemic. I initially recommended ConocoPhillips (NYSE: COP) to my premium subscribers during the depths of the… Read More
Over at High-Yield Investing, it’s one of the biggest winners we’ve had in years. And now, it’s time to take some profits off of the table. Not because I’m bearish on the company, necessarily… But in this market, with uncertainty and volatility are both high, I don’t want to see our profits evaporate. Let me explain… If you’ve been following along for a while, then you know I’ve been bullish on the oil & gas sector dating back to the onset of the Covid pandemic. I initially recommended ConocoPhillips (NYSE: COP) to my premium subscribers during the depths of the Covid lockdowns a little over two years ago. The shares, which were trading in the mid-twenties at the time, have ridden the sharp rebound in crude prices — quadrupling to a recent peak of $107. I’ve also mentioned COP several times to my non-premium readers. I first used it as an example of why it often pays to zig when everyone else is zagging. Remember, oil prices dipped into negative territory back then… But I’ve also cited it several times since then when explaining my overall bullishness on energy. Regardless, our timing on this pick was perfect. Along the way,… Read More