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If you want to see what a Port of Doom really looks like (and the opportunity that comes with it), check out this OKE chart.

This is a weekly chart so it masks the real horror/opportunity. It traded as low as $14 and was between there and $16 for a couple of days. One director or VP bought a ton which gave me some encouragement. Dividend is $3.74 a year. How about 26% on invested capital for... life. I bought some but I was badly burned in 2016 by chasing yield. So I had this internal battle whether this snapping up value or making super-stretch for yield. So a triple and still getting just under 7% on current value. My, my, my.

BTW, what happened is that this was at the beginning of COVID and then the Saudi's and Ruskies had a game of chicken in progress over holding oil production.

This could have gone in the regrets thread.... Should be a gorgeous weekend. Enjoy!

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