Post by
STE15165 on Nov 03, 2014 4:45pm
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
Comment by
barneyj44 on Nov 03, 2014 4:54pm
Yeah best to wait for things to settle out, my biggest mistake has been averaging in the last couple of months, hasn't done me any good, maybe I should buy some p+g too offset my paper losses I have been using a fair bit of there Pepto Bismal lately.