GREY:PEYTF - Post by User
Post by
danno15058on Jun 28, 2012 3:34pm
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Post# 20065583
new punt
new punt After watching this for some time now, I have taken the plunge today with a little mad money. I wish I could say that I nailed it at the low, but that's not the case. I got in at $5.43 which is a current yield of approx. 17.7%. I got in thinking that, with a yield in the high teens, the mkt is expecting a cut. So the question for me is: would I be happy with a yield of 8%+ assuming a 50% divi cut. Of course, if oil reverses the downslide back to ~$100 sooner than later, and there is no cut, then this will be a really nice yield. But the longer oil stays down, the higher the likelihood of a cut. Being long, I hope I am wrong. :)