I’ve been a shareholder of Pioneer Natural Resources (NYSE:PXD) for a few years, as it has always been one of my favorite plays to benefit from the new post-pandemic era of oil and gas. However, I always kept the stock in my trading account, as I was planning on eventually selling it.
I changed my mind.
Not only did I put the stock in my dividend (growth) portfolio, which consists of more than 90% of my net worth, but I also made it one of my largest position after selling Exxon Mobil (XOM).
Earlier this month,