GREY:WFREF - Post by User
Comment by
99999goldon Nov 18, 2014 2:47pm
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Post# 23140862
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:bought more today at 2.82
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:bought more today at 2.82STE15165 wrote:
Last week it cracked 3 dollars at different points in time. As tax loss season nears an end and oil holds a value in the mid seventies I believe we'll settle between $3.20-$3.40. Accumulate because oil seems to stay high longer than the lows in its cyclical patterns. There won't be to many opportunities to get a 15% yield like this in a mid tiered company.
This 14-15% yield - what is everyone thoughts on its sustainability if oil price is below 80? how concern are you all with the debt being at 718m? I asked because in most cases, the dividend will have to go first to pay down debt.