RE:RE:RE:One yr from now 15 plus!!jimgeorge wrote: You "negative nellies" make me laugh. How fast did you think WCP was going to raise their divy? A 22% increase is big for a company that wants to grow the divy carefully so they don't have to crater it if commodity prices drop. Beware of companies like CJ with an 8% yield, the market clearly thinks their divy is risky at these levels.
I think the WCP divy is safe at MUCH lower commodity prices, I will sleep well while I take in my $20,000 per month and watch the share price double over time.
But a market needs sellers as well as buyers. GLTA
I'm not negative at all Jim on the o&g industry. I redeployed elsewhere. I don't like what they have done with this acquisition. They were communicating plans to shareholders, they changed their plans, I as a shareholder sold my shares. Yes the dividend they have is safe but it's not very meaningful in the grander scheme of things even with the 22% increase. The 73 cents they referenced is over a year away, it won't even arrive at the dividend CJ is paying today. But that's not the real issue. The real issue is I lost trust. Pure and simple. I like investing where companies do what they're telling me they are going to do. I based investment decisions on what companies communicate, and if they don't follow what they say...well my only course of action is quite clear. Sell.