I’m loading up tomorrow and locking in a 13% Yield!Great company with fantastic long term growth outlook! Company is paying out .23/share regardless of volatile share prices. The fundamentals and earnings have not changed since their LNG & Oil revenues are hedged for 70% of production at a higher price point until 2021. This volatility spells opportunity for investors on the sidelines. I’m buying in small increments and will increase the size of my buys if the SP continues to slide lower.
Anybody that got rattled and sold will regret it when the SP recovers and it could happen unexpectedly. Oil will eventually go back to 100.00. It always does. Why do you think that Precision Drilling has stored most of its equipment? No new wells are being drilled and their SP is below 2.00. Do your research!
The cure for low oil prices are low oil prices! Collect the 13% Dividend, tune out the noise and fear and sit back and wait for the next Bull market.