RE:earningsSarge, I dont have a lot of shares, I think 2600, but if its weak today like down to 18 or so I might buy a bunch more.. I think the earnings were weak because of the outage, like rapid fire said... If Biden gets in, which it appears he is going to, thats likely a negative for canadian pipelines, whether their lines cross the border or not... so will wait to see how it opens this morning, cheers and have a great day !!
SargeX wrote: I agree with Hawk that the earning look a little weak to me. What that means for stock price tomorrow/short term is beyond me. I've seen a couple good earnings reports recently and the stock price got clobbered. Conversely, I've seen a couple weak ones where the price jumped. I've also seen a couple where the stock price did as expected on a weak or strong report.
The markets are definitely unpredictable.
WRT the divy, I don't think anyone in their right mind thought there'd be a cut with the first half of 2020 payout ratio at 51%. It's only a minor increase in payout ratio for 3rd quarter.
Regardless of what it does short term, I'm very confident this is a great stock to own for the long term, A beauty to sit back, collect the divy, and sleep very well at night!!
Ciao
Sarge