RE:Next investment move?Hey PK, well i'm probably going to just sit tight with what i have unless an even lower entry presents.
I'm avg'd in now at 13.20 with quite a boatload as it is - not as much as you, but in the same ballpark. I'm holding this as a long term income play as the plan here. Unless the capital gain is too big to ignore... but i expect it will be gaining in conjunction with higher WTI, and thus, likely the divvy back to 20 cents. At that point it will be hard to sell as i'll be grossing a lot money on the divvy... unless the stock is into the mid to high 30's, then its an easier decision.
Who knows - all hopes and wishes right now, as the stock is still at 13 lol. For now the divvy is great and i'll take it as it is. Hoping we get at least a little recognition of this companies' ongoing QoQ delivery of FCF today. There's very few other E&P's both North and South of the border than can claim this.