RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:The real cause of stagnant share priceRisk is relative. I see it risky to other stocks out there right now. I like to buy the unloved asset and right now, oil and gas stocks really fit that bill. This stock is trading a current P/E of 55...lofty. Not saying it isn't deserved, but it is high and this stock has been running up over the last couple of months. If we see another correction, and I know we will, how many are going to dump this and take profits? When that happens, I will look to re-enter this stock. Until then,I will watch and wait.
P.S. Precision drilling is ridiculously cheap right now. It is an easy double if oil prices recover to even $85 a barrel. I need cash to buy more PD if it drops even lower. This stock has way less downside risk then CSU. It has already had the stuffing kicked out of it.
Don't get me wrong, I love CSU. This is a great Canadian succcess story. I know it goes higher over time. I just like to maximize my returns in the least risky way possible.