GREY:BNPUF - Post by User
Comment by
konzelmannon Dec 19, 2012 8:54am
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Post# 20749454
RE: Brieger - "prepare for shock"!
RE: Brieger - "prepare for shock"! He also said that they own it (in the $16's), that he likes the company, and that over the next few years he thinks it'll do well. He dumped CNQ and this was one of the big oil/gas stocks he kept - which is saying a lot. CNQ would be one that I consider worth buying as well actually.
He said to maybe wait and see what happens with the dividend, but basically everything else he said suggested to me that starting to buy now is a fine idea. He even admitted that there might not be anything that happens with the dividend, in which case you're waiting for nothing, and you'll pay more later anyway or miss out on a great opportunity here.
So what I got from it was, start a position now, and buy more if the div gets cut and you can pick it up for even more of a steal.