GREY:LGVWF - Post by User
Comment by
Nawaralsaadion Aug 16, 2013 5:21pm
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Post# 21677543
RE:RE:Top Pick BNN
RE:RE:Top Pick BNNThe run today was partially caused by a strong buy recommendation by the Special Situations newsletter published by Agroa financial and written by Chris Mayer. I believe this is combined with the mention on BNN yesterday as well as the persistent strength in oil prices have lead to a spike in interest as money move into the sector. If Longview can resume drilling this quarter we could be in for very strong results in November. Longview can easily move to $7-$8 by year end.
The reduced yield also has the effect of increasing confidence in the dividend, some people shy away from double digit yield stocks for fear of a dividend cut, thus as the yield shrinks further the better it will be, which is counterintuitive but this is how it works usually ...
Regards,
Nawar