OTCQX:GXOCF - Post by User
Post by
agoldbloomon Jan 05, 2018 3:04pm
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Post# 27292708
Getting paid to wait for markets to come back to reality.
Getting paid to wait for markets to come back to reality.Dividend already reduced and management sounded pretty reluctant since GXO was one of the final holdouts from the cut parade over 2017. Now with oil over $60, any concerns over tightness should be gone. In the meantime, Trump opens his mouth stupidly (or as usual as per Trump) about offshore drilling, which is by the way, the most expensive way to go about drilling for oil....and GXO just keeps paying investors to wait out the dip.
Look at the chart for WTIC. Very clear uptrend, and guess what, 9.15% divident paid monthly until the market turns it's hot money towards energy again. Oh there's unrest in Iran you say? Maybe that time will come sooner than we think.
GLTA