RE:Forgive me if i do not celebrateNo doubt S&F that the share price will rise and fall. For me today's announcement (I hope) sets the floor a little higher than where it was last Friday.
At some point I have to believe that investors who were either late getting into the hot sectors or no longer seeing big gains, will start rotating some of their funds into companies that pay a substantial dividend. Canada's E&Ps are grossly undervalued and there's still lots of opportunity to trade the volatility. For me today's divi increase at least covers the annual cost of secondary education for my kids... at least for as long as the price of oil and divi hold.
soundandfury wrote: But it seems to me they only let the stock rise so they can sell it off again