Friday, July 10, 2015

Another stock buy

Last six months the oil supply has been bigger than demand which has caused the oil drilling companies to crash hard (especially the ones using offshore platforms as their expenses are still the same, a few have even stopped paying out dividends) . Ive decided to take the risk and buy small amount of Breitburn Energy Partners LP stocks. I bought 150 shares at the price of 4,35 USD. Current dividend yield should be around 11% but if the oil prices recover (just raised the demand by tanking my car full hehe) then I should be earning a lot more. It will take time though, all I need now is some patience.

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