RE:SELL HSE Preferreds and buy HSE CommonWhat's that word???.... Oxymoron??.... If Preferreds makes no sense holding, then for sure commons makes no sense holding!!
I decided to ADD more Preferreds if they go much lower. All my pumping has convinced myself to ADD if opportunity to get more crazy Yields!!!
By what you've said, I think you really have no idea what Preferred Shares are.
$$$$$$$ Juicy Dividends, Cash in the BANK!!!
HSE Commons will ROCKET UP when oil prices move $50+ , until then, I'm guessing it will bounce sideways for a while. Volitility is huge, so if you can play the bounces, you could easily outperform the Preferreds.
Commons = TRADE
Preferreds = Accummulate at your desired Yield, hold and collect the Dividends.
You can Buy BOTH. It depends on what you are looking for.
indoubtgetout wrote: Its makes no sense holding HSE preferred shares - none, nada. Take a look at Direct Energy, holding those preferred shares resulted in a 90%+ loss, almost as much at the common. So, if you are going to take a risk on Husky, buy the common shares: 1) much more liquid 2) much more volatility so should you buy today and it goes down more the probability of making your money back or more is higher for the common than the preferreds; 3) Should HSE be taken private which is quite likely given where it is trading, you make a huge gain with the common and likely lose with the preferreds as the preferred shares will NOT get bought out....they will remain and the risk of holding such preferred shares when HSE is private is MUCH greater. BUY, BUY, BUY HSE common. HSE likley is in play and we don't even know it.