I'm going to start doing a week over week price check on the covered stocks and on the underlying commodities. I haven't set up my automatic spread sheet yet so for now I'll only list the commodities:
I'm also going to have a weekly price on the recommended portfolio of E&P stocks, and compare those to the performance of the E&P index. The rules for the game are that I have to be fully invested at all times, and can only switch between stocks on the list. Then I'm going to compare it to a benchmark. I'm going to start out with my actual E&P investments as the same as the portfolio. For now, dividends will not be included in returns for the sake of simplicity. The dividend yields tend to be quite small, but I would like to factor them in without making this too complicated.
I'll talk more about why I own these stocks later. But just for a little background: I've held WLL for the better part of a year, APA for almost that long as well, and CHK was only bought a few months ago. I also have owned Anadarko Petroleum (APC) for part of the last year, but unfortunately sold it and missed out on the nice move they had when they settled the Tronox claims. WLL has had a great run for me, although the index in general has really moved over the past year but I bought more part way up, so I'm up 35% or so overall. I can't necessarily say that I've had great stock selection, since APA has really underperformed, and APC did as well until right after I sold it. The E&P index is 30% in the past year.
I had decided to use the ETF IEO as my benchmark. It is a market cap weighted Domestic E&P index from ishares. But then when I looked at the components, there are a few integrated companies and refiners in the mix. Unfortunately I can't figure out how to get an automated feed of either commodity pricing or the Exploration and Production S&P sub index from yahoo finance, so I may just end up manually entering commodity pricing from EIA.gov and the E&P sub-index pricing from google finance each week.
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