RE:RE:$380000.00 Every Day I have traded more stocks this year than I ever have before. Three times I gave up on the laggards only to trade out and miss a big move in a stupidly short time. This one I am just accumulating for a very long term hold and picking up more on down days
the stock is just too cheap and the long term credibility of management is stellar.
i find it hilarious that every time portfolio managers and energy fund managers go on TV the discussion is around shareholder returns in general and dividends in particular. the poster child for long term dividends in Canada was Bonterra for two decades. Over 1 billion dollars paid out by a company with 13,500 boe/day of production and a market cap of 400 million.
for cash flow - at strip they are forecasting 165 million free cash. We have to be over 190 million at 120 dollar oil ? That's nearly 50% free cash flow.