RE:RE:my thinking on splitHey Ariahp
First off, congrats on what I think is a most excellent buy. You will do well with this in the short-medium term. It's obviously up to you on what to do going forward, but if it was me, I'd think about selling half if it gets above $52 in the short term.
As far as the split goes, here's what I think is going to happen (and this is purely my own speculation and of course this is SH, so take everything with a grain of salt).
I think the split will be at a ratio of 3 TRP to 1 oil side, TRP is basically unloading the oil side and unfairly bogging it down with more than its share of debt. The new TRP is going to be very well received and is going to do really well with regular divy increases, price appreciation, etc.
The oil side is going to be a mess and I'm expecting a divy cut.
I'm not sure what we'll do when the time comes but for now, we're going to hold all our shares. I have a gut feel that we'll end up unloading at least half of the oil side and eventually add to the new TRP.
Good luck with whatever you decide.
Sarge
Ariahp wrote: Sarge
I recently bought 5.800 shares at $46.52. I am new to TRP. What does this split mean for me....and the dividend going forward. I am new to TRP.
As an aside, I do own PPL, KEY, ENB and SU
Your comments/opinion would be appreciated.