TSX:HSE.PR.B - Post by User
Comment by
oilandgasmickon Jul 26, 2018 3:48pm
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Post# 28373409
RE:RE:RE:RE:RE:Incredible numbers-blew away the street!!
RE:RE:RE:RE:RE:Incredible numbers-blew away the street!!Agreed but in my experience those buy-backs have limited effect.
I really think the key is increasing dividends. A yield of 2.3% is o.k. but when I can get the same amount of money in a GIC I have to consider:
-The Trump card, never know what he is going to do next.
-Rachel and Baby Trudeau and their anti-energy policies
-An unpredicatble oil supply and demand picture
It adds up to risk that is unacceptable to some for a relatively modest yield. Before the bust HSE was yielding 8%.
My own hope is that we see a $25 share price by the end of the year and a yield of 3%+
For today I am pleased as punch with the dividend increase and will have a few Corona with the extra cash.