RE:RE:Why are we going up...?Hey Sarge!
I am not a pumper but I do hold a position in Alta. Here is what I know and why I am holding my position with the present uncertainties in the market.
Positives:
#1 Good space to be . Core business doesn't appear to be affected by pandemic.
#2 Regulated earnings which should encourage investors after August 1st (quarterly) to invest or hold.
#3 Nice dividend yield that appears to be more safe than not
#4 Growth as per Ripet
#5 Still hasn't fully recovered from March lows
#6 Oil prices seem to trading in a range and with Saudis restricting output should not drop to substantially if at all since it is "driving season"
Negatives:
#1 America (read USA) may need to shutdown again.
#2 Maybe a second wave in the fall'ish
#3 Oil drops to negative oil again if pandemic strikes in force
All investing has risks attached but at this price level I think Alta's reward far outweighs the risk.
And yes we may drop in sp again...but I don't see this drpping significantly at the moment. I can actually see us climb to $16.50 and if we break $16.87 then it's clear to the $19 dollar range.
Thoughts???
Mas