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I own XLE and it's getting killed. I bought it a few months ago in my IRA.
Sorry, I know how it goes. I bailed on COP in the upper $50's after buying it higher. I'm not getting into oil names, but as I noted in the other thread, I'd consider some "related" names/industries. My stuff is doing mostly lousy today. I think oil could go lower and get to the point where you get real distress.
The pure plays (COP) will likely rebound more than the integrated names, but again, what's the reason for oil to rally and if it does rally due to monetary policy or something like that, look at where we are - we're near where oil was before QE1.
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The pure plays (COP) will likely rebound more than the integrated names, but again, what's the reason for oil to rally and if it does rally due to monetary policy or something like that, look at where we are - we're near where oil was before QE1.