RE: RE: conference call thanks, Terroir, for the update. I'll post any changes cibc makes to their price target.
So whats the damage tomorrow? When we were in the $8s a few days ago I was planning on a $1 haircut but now that we're in the mid $7s I'll take anything better than minus 40 to 50 cents. We may head lower, interday, but I think we may get a bounce back above $7 before the close. At $7 we yield 8.57%
In Sept, Zargon cut their divy from 12 to 10 cents. Now Zargon is trading higher than what it was just before they announced the cut. Of course, oil is much higher than where it was in september but I'm not sure how "oily" zargon is. I think its way more gas leveraged.
Still, real disappointed in the divy cut, but I'll hold, may add a bit below $7 (if we get there) and accumulate through the DRIP.