EQNR - Why I Sold My First Shares Ever In ConocoPhillips
- Last week, I sold my first shares in ConocoPhillips, ever, since buying the company in the 1980s when it was still Phillips Petroleum.
- It was the first stock I ever bought. However, times change. So do management teams. COP is simply no longer the investment proposition it used to be. Neither is oil.
- The fact is oil & gas stocks have been an unmitigated disaster over the past decade and owning them has come with huge opportunity costs.
- At the end of the day, the decision to sell a stock I have owned for over 30 years was not as difficult as I expected it to be.
For further details see:
Why I Sold My First Shares, Ever, In ConocoPhillips