GREY:WFREF - Post by User
Post by
STE15165on Nov 03, 2014 4:45pm
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Post# 23089980
Outlook
Outlook
I'm down quite a bit like most people but I see this as a opportunity. Oil price is cyclical but it 's ups usually last longer than it's down's. If you load up now and wait maybe only 6 months to a year oil will be back up over 90 dollars. The share price will be over 5 and your locked into this yield rate from this point on. The downside is cashflow could be diverted to debt instead of production and the dividend might be cut. I wait for it to settle and then pounce. GLTA