RE:Too much of a good thing?Karl63 wrote: Well, bought some more at $53.73, I just can't resist a bargain, especially with a 90 cent dividend coming shortly. At that price the dividend is about 6.7%, near what Enbridge is.
But as we know the stock market can be a twisted b-t-h sometimes. Is it really a good deal? Is TRP really safe from coastal gas cost overruns or Keystone oil leaks? Of course those risks are the reason we buy so well today . . .
To put things in perspective, TRP is approaching pandemic sell-off prices that were last seen in the depths of the Covid pandemic fear of March 2020, when the stock market was pricing for a mass extinction event.
If you think that the world won't need pipeline shipments of oil and natural gas because they're now going to heat their homes with worthless US dollars in the aftermath of a deep global recession, then continue selling your shares.
Otherwise, just wait and be patient while the collective herd finishes following the lemmings in their latest direction.
Yes, it's frustrating, but we've seen this playbook before.