RE:RE:Buying opportunityAnd that's precisely why I just loaded up on another 7000 shares. I've bought shares as high as 8 bucks, and scooped many in the trough as well. This is merely a buying opportunity, and the institutions will now be assured that as much risk has been mitigated as possible.
I'm not thrilled about the reduction in my personal income (dividends), but recognize the institutional money will like the divvy reduction as they were undoubtedly worried about preserving capital above-all in this environment. As the oil price inevitably improves the SP will do very well.
It's not hard to see that PC will be in a fine position to raise the dividends accordingly as the overall situation improves in late 2016 and by 2017 for sure.
Gesharoo