Been saving to buy the dip.
My most successfull attempt was buying XOM when oil prices went below 0. almost 9% dividend at the time. only regret is not buying enough.
Noble is now paying out over 8% and has about half in share buybacks. payout is 2$ on 3$ earnings per share. target price for buying is <23$ a share. drilling will be around, ship infrastructure isn't easily built.
line of thought is that this is a cigar butt / cash cow.
Thoughts?