RE:RE:ARXActually if you bought this mid june last year to park your money and collect your summer dividends and decided to just leave it parked because you liked the divvy you would be up today almost 18% including dividends, so the good news is thru all the turmoil this sector has seen it's pretty much found its bottom and has consolidated to some degree, naturally there could be exceptions but while I would have certainly agreed with the not for holding only for trading sentiment a year ago, the past 6 or 7 months are much different, and a much safer trading environment as well, believe it or not. This is why I believe the dreamers of buying the 52 week lows of 2019 have missed the boat and if oil gets up a few bucks and divys keep coming and are covered could turn into a freight train. That goes for many of these WCP, TORC, VET, ARX and the list goes on, not to mention it would be great for Canada
Garfield512 wrote: Toppicks1 wrote: Hey that might have a little to do with it or maybe a little earnings leakage or buyout rumor or maybe we will just go up a little every day into earnings who knows but is sure is good to be long a strong winner.
No doubt that this stock is undervalued but given the current Canadian energy situation (aka: huge discount of WCS vs WTI), I would not invest in any Canadian energy stocks long term.
These have become short term trading vehicles only. JMHO