RE: Migraine's reply to question about covered calls.Migranine that was very nice of you to take the time to write up a really great response to the covered call question. Agree that slow rising divy stocks like banks stocks are more suited to covered calls. I would much prefer to buy calls on the oil stocks. Some of those trades have worked out very well.
Of all the oil stocks I think WCP would be one of the worse ones to write covered calls on. When an annoucement is made with regards to the government's plans/support for carbon capture this stock will take off hard. The Co-op refinery in Regina is spending $500 million to pipe CO2 to WCP's Weyburn operation where it will be sequestored.