SELL XOM @ $36.20

Selling XOM @ $36.20

Realized loss of $5.08 (-12.31%)

Taking some more pain today as I rejigger my book.

Did you see that Royal Dutch Shell and BP are trying to get carbon neutral in the next 5-10 years? And stop investing in oil and gas? They'll be building and buying renewable power assets.

That's great news for my favorite sector, renewable power, and one that isn't going to be sold naked again. (I own AY right now and have a big watch list of the group.)

So I'll dump the fossil that is fossil fuels.

This is mostly a portfolio management/risk exposure trade, not a dump of XOM per se. If your portfolio can take the equity exposure, it probably makes sense to keep it around. I need to reduce mine though.