RE:RE:RE:RE:RE:RE:RE:the 8 per cent solutionOn the contrary - I am selling one of the most stable O&G stocks for companies that have more leverage to increases in the price of oil - far more risk.
If oil goes up to $75, WCP might hit $7.00 or so. That's a nice little return, to be sure, but will be nothing compared to many names that will double or better.
On the other hand, if oil goes down to the low $50s, WCP will drop to $4.00 or so, but more highly levered names will drop by 40-50%.
WCP has done what I wanted from the investment, but it's upside is muted
relative to other names. If you like a stable clunker with a dividend, it's a good place to be.
I believe now is the time to be greedier than that. I'm not looking for a single from here when other companies are going to be hitting home runs.
Backinblack1000 wrote: Well, you certainly do not live up to your name....anyhow...how do you know that was not just Mr. Market shaking out the weak handed or the weak minded, with the bbc rumour this am??
riski wrote: Ahaha, more than 5% to be sure. And this is my second ride on WCP this spring. It's been good to me, but there are better names with more torque from here.
I couldn't resist the retailers pushing WCP yesterday. It was a great opportunity to make a switch.
mlcb2525 wrote: Paper Mache hands, 5% return sounds about right..............