RE:RE:As I suspected the DOW/Nasdaq futures downThis is why I always suggest people be well diversified. I personally use my dividend portfolio to enhance my energy portfolio. I also have a term deposit coming free next week that I plan on moving to energy. This correction will save tens of thousands (will get more shares)
All said the best way to increase a future dividend yeild is to buyback stocks (reduce the float)
I think many other companies throwing away FCF for dividends ranging from 1-4% will look back and say that was a waste when they could have eliminated debt quicker....reduced the float and in 2023 come out with massive yielding dividends...
For Baytex and oil $100+ they have a perfect opportunity to do it right....and if the market corrects a bit allowing them to increase my equity % for a lower FCF amount (I know some shake their heads at it) but I am ok with that....I have my other divy stocks...I want equity....that comes with debt reduction and share buybacks
1234bmth wrote: This is the sad part of it, Dow.J and Nasdaq may lose what they gain yesterday, but oil it drives market sentiment negative today, and oil stocks lost yesterday and may lose today.
BayStreetWolfTO wrote: Although I didn't say it I felt yesterday was a bull trap for the Nasdaq...rates going up...made zero sense for the Nasdaq to climb...
Tech players were short commodities and piled into tech is my bet.
Today is the Nasdaq aftermath....I stand by my call Nasdaq to 9,014
Eventually the tech player realize you need to get back to fundamentals supply/demand and free cash flow