RE:Bought in Againwhy would you average up by over $5 per share??!!! lolll there are other stocks in the stock market loll spread your cash and your risk my man
ManitobaCanuck wrote: I initially bought into Baytex 250k shares at 40 cents in 2020s .
Maxmoe knows my posts .
I sold out half at 9$ and have bought back inagain now . I have always been woried about their inventory and the deal looks awesome to me . Lots of people have been stung by losses after Aurora and Raging River acquistions .
What people dont understand is that the current deal is much better as it helps the FCF at current price.
Just patience till Q3 2023 . I get paid a 9 cent divvy on my 40 cent purchase which is almost 25% divvy yield on purhase price. Freaking awesome.
250k shares x 0.09$ =22.5k dividend yearly.
Looking at double digits by year end and possibly earlier if Oil hits 100$ again with summer driving season