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The Water Cooler
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5 Year + Investments?
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<blockquote data-quote="Shadowrider" data-source="post: 2996192" data-attributes="member: 3099"><p>I turned a little $900 buy into $8000 in about 6 years with Markwest Energy. When I bought it, I didn't care what the price did and had no clue it would shoot for the moon. I bought it for the 26% dividend it was paying at the time. I took the dividend and set it for DRIP (dividend reinvestment) for that whole time. That alone got me 50% more shares of that stock err..I mean units. Had I known it would do that I would be retired to a lakefront home on Grand lake right now.</p><p></p><p>CHK is a gamble but management is doing all the right things right now. They are looking at the long term, not short term, and long term for companies like this is your 5 year window. The "shorters" are killing CHK's stock price right now and have been for a year or more. It takes a strong stomach to be long with them but the potential, fundamentals, and commodity environment over the next few years are there at this present time. CLR is in about the same boat, not as beat down by traders but still leveraged very heavily. DVN is probably the most stable of those 3 and has a lot of room to run. I'm long CHK and DVN. Don't use money you have to have.</p></blockquote><p></p>
[QUOTE="Shadowrider, post: 2996192, member: 3099"] I turned a little $900 buy into $8000 in about 6 years with Markwest Energy. When I bought it, I didn't care what the price did and had no clue it would shoot for the moon. I bought it for the 26% dividend it was paying at the time. I took the dividend and set it for DRIP (dividend reinvestment) for that whole time. That alone got me 50% more shares of that stock err..I mean units. Had I known it would do that I would be retired to a lakefront home on Grand lake right now. CHK is a gamble but management is doing all the right things right now. They are looking at the long term, not short term, and long term for companies like this is your 5 year window. The "shorters" are killing CHK's stock price right now and have been for a year or more. It takes a strong stomach to be long with them but the potential, fundamentals, and commodity environment over the next few years are there at this present time. CLR is in about the same boat, not as beat down by traders but still leveraged very heavily. DVN is probably the most stable of those 3 and has a lot of room to run. I'm long CHK and DVN. Don't use money you have to have. [/QUOTE]
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