RE:RE:Bought a FEW more Today :>OCome on, man. Do you think you are going to be happy collecting a dividend if this drops 50% from here meaning it would take almost 15 years of dividends to recoup those losses? Of course, that would also mean that WTI had dropped to low 50s/high 40s again which would mean the dividend would likely be slashed again.
Oil is not the place to play the dividend game. Buy a bank if that's what you are after. You are going to get burned.
barneyj44 wrote:
she may go lower but the in the long haul you should be fine collecting our monthly dividend. Low volume today and covid fears are putting pressure on the market. Canadian borders are open for fully vaccinated.