Where’s bottomEven with a 2.2% annual div surely TOU isn’t a dividend play when others are paying much higher. So this has to now be a value situation at this level. But where will it finally turn around ?
Technically 18 needs to hold or its bombs away .
There are some historical indicators saying the energy sector is near bottoming . The % bullish indicator is under 5 and has been 100 % accurate for timing in past energy routes. Also the TTEN is at 147 from 223 earlier this year.