sell/hold plan for my energy sharesTo start with, I don't have any insider info, not a stock analyst, nor do I have crystal ball of the world ahead. I am an investor ie not a trader. I have been thinking about my energy shares holding as they are becoming a significant part of my portfolio.
I have about 24K shares of BTE with average cost of 3.9$. I have about 10K of CJ with average cost of 5.4$. Also have some WCP with average cost of 4.5$. All three are happily in the green.
My prediction:
- WTI will still be above 100 US$ at least till end of 2023.
- CJ will issue a monthly dividend of 0.06$ per month with first payout in mid May 2022.
- CJ SP will reach 9 $ by end May and 10$ by end Oct 2022.
- BTE, sure, will start share buyback a few months from now but I don't think BTE will issue any dividend in 2022 . Well, perhaps they will issue a small dividend payout starting Feb or Mar 2023 but not in 2022.
- BTE SP will reach 8.5$ by end Oct 2022 but I have no idea its SP beyond that.
- WCP SP will rise but frankly admit I can't predict WCP SP
With above prediction in mind, I plan to keep all 10K of my CJ shares (happy with a monthly dividend of 0.06$ per month) and monitor its SP till 13 $+ before I consider selling. For BTE, I plan to offload 15% by end Oct 2022 (my thought of SP of 8.5$) solely because I need the cash at that time. Thereafter, I plan to sell another 35% by mid 2023. The remaining 50% (around 12K shares) will be either hold or sell depending on the potential of BTE at that time after knowing its dividend and Clearwater performance. I plan to keep on holding my WCP for possibly a few years.