RE:Considering the carnage latelybarneyj44 wrote:
Oil and Gas companies have been performing well. Thought I would be smart and take a little off of the table and add some dividend plays, Manulife, Algonquin and Brookfield, not the brightest move so far as there getting crushed with the downward spiral.
I think that's the game for a lot of us isn't it. I'm ridiculously over weight oil stocks because of the growth. My thinking has always been to let them run and then cash it out for the safety of blue chips. But something unexpected has happened along the way. Look at CJ. I held it for a while and I moved a bunch of money there after their recent release. That dividend is safe at 55 wti and it's certainly yielding higher than the three companies that you mentioned, 2 of which I own. And this is the question for oil. Where will the dividends be in a year and at what wti price will they be sustainable. Birch cliff recently announced big plans for dividends but they're sustainable only at prices much higher than CJ. I think it will be pretty viable to get some super sized dividends sustainable at sub 60 wti. And a very long runway with the dividends as the price of oil looks like it's going to be above 60 for a long run.