RE:Oil not going anywheretollycraft wrote: I am looking for a comeback this week on all oil stocks. I see WCP at close to $10.00 by the end of the week. The dividend WCP is offering up now and in the future will continue to attract investors. Yes we have inherited a substancial amount of debt but lets face it, is this new for any oil company?? The biggest majority ,if not all, have been running debt for how many years now. Look at where all companys were in 2020. If that didnt scare the beejeezes out of ya nothing will. Oil is back, yes it 's had its bad weeks and as far as where I sit this is just ine of them, even if it is several of them. Supply will continue to be low, demand will continue to be high and regardless of what happens in Ukrain it won't change that. My heart goes out to those people of course, and I do wish them the best. We need to sit tight now and watch this week get better as it will.
GLTA
Well said Tolley , the yield at the price we closed on Friday with the new divvy amount taken into consideration for July is 4.926 % I would accumulate more if I had any bullits , I still haven't given my full opinion on this purchase , witch I think for the company as a whole was good , and not so good for all ( some ) of the owners , who are the shareholders , in that we all had objectives , and goals from being owners , and one way to look at it is like some or many private Equity companys ? Who have a 5 to 6 year , buy , sell and next method , they own the company , but aren't married to it. The issue here is , if you want the large pop , you are likely going to have to keep being patient , and that means holding , and that also means stretching out a time frame that can move into another kind of market , one that could see a surplus of supply or the war being over , and who knows. The further out , the less we know , and this just doest suit everyone. I like the purchase of X... in many ways , but it's certainly not instant gratification!
Anyway Tolley , I also think we could bounce back a bit this week , what I am concerned about is in the summer it's not unusual for stocks to sit around and not do much !
However , on news , and substancial pull back , a correction Is most likely on some level. So you probably spot on !!
I am hoping you are !!
Great post T
C