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Brompton Oil Split Corp T.OSP

Brompton Oil Split Corp. (the Fund) is a Canada-based mutual fund company. The Fund’s investment objectives are to provide holders of preferred shares with fixed cumulative preferential quarterly cash distributions and to return the original issue price on the maturity date; and to provide holders of class A shares with regular monthly cash distributions and the opportunity for capital appreciation. The Fund invests in a portfolio of equity securities of large capitalization North American oil and gas issuers, primarily focused on those with significant exposure to oil. The Fund’s portfolio composition includes oil and gas investments in the United States and Canada. The Fund's Portfolio Manager is Brompton Funds Limited.


TSX:OSP - Post by User

Post by pulcanon Jul 11, 2022 7:18am
204 Views
Post# 34814502

OIL price and Janet Yellen...who do you trust $140 coming

OIL price and Janet Yellen...who do you trust $140 cominghi all,  Well another big day or everyday as we get closer to more sanctions and OIL is the biggest topic right now. Do you trust Janet Yellen? All i can say is Putin is a chess player and already cutting 1 million barrels of production is in play what is next? see the latest on what the plan was back in May and its about to happen.  see link   https://www.bloomberg.com/news/articles/2022-05-19/yellen-says-secondary-sanctions-on-russia-oil-discussed-at-g-7,  as for us we know there is a lot of media talking about the next move on oil.  Who knows and we see $140, $180 or $380 but we do not know. Is the price going higher?  Right now all fingers are point up! so see the latest from Goldman Sachs on $140.https://markets.businessinsider.com/news/commodities/oil-price-outlook-recession-watch-risks-140-barrel-goldman-sachs-2022-7 ...soon. So i would say this target looks more real as we did hit this number years ago in the cycle. As for us OSP is a very good mover with a very small share structure. These two stock can make a nice move from the $3.60 range and the OSP.PR paying  a QTRLY dividend that is significant and has been safe bets without the volatility so far. Keep an eye on OIL this week and any more media news a sanctions and Janet Yellen can be the verdict as to where things go. I believe we are going much higher one more time and where it goes nobody knows. 

see below ASK VS BID.

Level 2 Quote

Level two quotes - Bid
Number of Shares Bid Price
 
1,500 shares
1,500 9.570
 
1,400 shares
1,400 9.560
 
100 shares
100 9.510
 
600 shares
600 9.240
Level two quotes - Ask
Ask Price Number of Shares
9.840 1,200
 
1,200 shares
9.990 8,200
 
8,200 shares
10.000 2,400
 
2,400 shares
10.100 300
 
300 shares


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