RE:RE:RE:RE:RE:Bank Of Nova Scotia Pays a 6.2% Divi
Snowballer wrote: That's a good thought. What do you think about CJ's divi getting cut if oil remains in bear market and lives in $60 range for a bit? Likely or not likely on divi cut? I'd like to add CJ if we head back into $6's or $5's
TheWokeLemming wrote:
Snowballer wrote: Which is what will make their price look so attractive I think. FEAR. There is a nice trendline for every big market crash. I think this is a good time to start adding. I see $50's for BNS as the downside and $85 as the upside. That is a nice yield to start the buying I think.
TheWokeLemming wrote:
Snowballer wrote: Also going after the banks here in 2023... thoughts?
Foreclosures increase with higher monetary policy. I'm avoiding the banks.
Each to their own. I prefer my 10.2% yield in Cardinal Energy and the possibility of oil being near a bottom. The soft landing looks a lot more plausible and that should raise gas demand prior to the bottom of the housing market IMHO.
If oil does go into the mid-60s then all bets are off on the divvy. Already they've most likely stopped buying shares back. Obviously I'm a believer that oil is going higher and hopefully tests your $87-$88 top end in the near term.