RE: RE: capitulation? You're right Charlotte
Let.s wait for 2008 low of $ 6
21% divy is better than 12 %
Plus, like after 2008 low , 150% SP appreciation after that within 2 y
Total 190% / 2 Y after that is definitely better than 12%.
I submit to your wisdom , Charlotte ..
But , HEY , why not wait for $ 3 and 40% divy ?
I am as greedy as you , Charlotte ,and wanna be `wisdomer `` than you LOL
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Meanwhile , the significance of JE being for 2 months now in UK
bolis down to about double UK electricity and NG prices
IE : UK pays $ 9 for LNG delivered to UK shores (vs NG in US $ 2)
Means, double revenue , say, 50% higher profits at same profit margin as in Canada
and same sale volumes .
Or just same profits as in CAN> to fast conquer a bigger market share
2010 - 2011 UK electr and NG prices went 21% and 27% up
So, they are fed up with that + their fear of further increases is real
( some fear EU is going Waimar Republic as inflation is concerned + EU break up )
makes them ideal and easy target for JE
Securing peace of mind , at least in some part of their lives (by 5 years JE contract)
is lately priceless for europeans
They are also nuts as energy cost and conservation goes.
Expansion into UK and EU later has huge potential for JE
Some EU countries have STILL 2 times higher energy prices than UK
Less work /investment - more money
geeeesus
Combine that with SP going lower and divy higher
and the SP snap back will be furious 100% in no time - see 5 Y chart.
( after hitting Charlotte``s low target of 2008 of course )
.